Glossary
Mortgage Terms
Lifetime Mortgage
A lifetime mortgage is the most common form of equity release for homeowners aged 55+.. You borrow against the value of your home — interest accrues and is added to the outstanding balance (compounding over time). The loan is repaid from the sale of the property when you die or move into long-term care
Most providers offer a no-negative-equity guarantee, ensuring you will never owe more than the property is worth.
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