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Lifetime Mortgages

If you are over the age of 55 and wanting to release equity from your property, a lifetime mortgage may be an option for you.

Senior Couple
What is a Lifetime Mortgage?

A Lifetime mortgage is when you borrow money secured against your home, while retaining ownership. This means that your home still belongs to you and you can continue to live at the property.


When you die or move in to long term care, the property is sold and the money from the sale is used to repay the loan and any interest that would have been added.

What happens if the loan is more than the value of my property?


A Lifetime Mortgages often offer a no negative equity guarantee (Equity Release Council standard). With this guarantee, the lender promised that you (or your beneficiaries) will never have to pay back more than the value of your home.

Am I eligible for a Lifetime Mortgage?

As Lifetime Mortgages can be complex and are different for every client, we recommend that you meet with a Jigsaw Money Adviser to discuss this in depth. We do have Lifetime Mortgage Specialists who will make sure they take the time to understand what you are looking for from a Lifetime Mortgage.

If you decide that a Lifetime Mortgage is the best option for you, your Jigsaw Adviser will submit your application. They will deal directly with the provder to make sure that all of their questions are answered and all their requirements are satisfied. They will also make sure that you are kept up to date throughout the whole process.

If you would life to find out more information about Lifetime Mortgages, contact us today!

Lifetime Mortgages
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