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Maintaining lifestyles into retirement is becoming increasingly difficult due to poor pension
provision. The only asset many people retire with is their home, and can be left with little or no
income to get them by. With no income, obtaining a traditional mortgage is not an option, as
the payments need to be serviced on a monthly basis.
Lifetime mortgages provide the opportunity to release equity without the need to make
repayments. The interest is rolled up and is repaid when the property is sold.
An alternative option that allows you to release a greater sum would be a home reversion
scheme. This entails selling all or part of your property for a lump sum payment whilst still
residing in your home.
Lifetime mortgages have been made a specialised advice area, advisers now need to be
qualified in order to transact in this area. Vista Financial Solutions has a qualified adviser who
will very carefully assess your circumstances and clearly recommend the most suitable option.
To understand the features and risks, ask for a personalised illustration.
We look forward to helping you maintain your lifestyle in retirement.
Click here to make an enquiry
Your home may be re-possessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice, although this is normally paid by way of an introduction fee from the lender we arrange your mortgage with. The precise amount of any fee will depend on your own circumstance, but typically this could be 0.5% of the amount borrowed. |