Friday 6 July 2018

Lifetime Mortgages Becoming More and More Flexible

Some of the additional features of the Lifetime Mortgages are as follows:


1) You can borrow an initial sum and arrange a facility so that you can take further funds later.

2) While normally a Lifetime Mortgage can only be done on an owner-occupied residential property, there are now some lifetime mortgage lenders who will consider lending on a let property. This can be a very useful option for landlords who do not then have to sell the property to raise funds for care or for other purposes. In principle the landlord could even pass the property down to their beneficiary.


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