What customers need from a lifetime mortgage

Here to help you unlock the value of your property through Equity Release.

Equity Release allows you to unlock the value of your home and take a cash lump sum for whatever you may need it for. There are different types of Equity Release products available which will depend on your age, how much your property is worth and how much money you want to borrow.

With a Lifetime Mortgage, you take out a mortgage against the value of your home. This loan, and any interest that may be payable, is repaid when you die or move into residential long-term care. You will own 100% of your home so it can never be repossessed by your mortgage provider, as long as you adhere to the terms and conditions of your mortgage offer. You can release cash from your main home, a second home and even a Buy to Let property, so there are quite a few options to consider.

Downton Mortgages and Financial Services is here to find the very best product to suit your needs today and plan for the future. As choosing to release equity from your property is a big decision, we think it should always be discussed with your family or any future beneficiaries.


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There is certainly an increase in the number of customers who are looking to take out Lifetime Mortgages and release their equity and here are some of the reasons why:


Longer life: People are generally living longer and will spend around 20 years in retirement. Having the funds to bridge income gaps or to pay for long-awaited adventures is much needed.

 Divorce in older couples: Increasingly, over 55s are divorcing. By taking out a Lifetime Mortgage, one partner can choose to stay in the family home without the stress of upheaval and the pressure of an unwanted sale.

 The bank of Mum & Dad: Young people are struggling to get a foot on the first wrung of the property ladder and often parents or grandparents will release equity from their home to give financial help to the younger members of their family.

 Intergenerational gifting: Driving lessons, university fees or student loans and weddings don’t come cheap. Families can unlock their property wealth and gift money to help with the expenses, so their younger family members aren’t saddled with debt, giving them a better start in adult life.

 Tax savvy: A Lifetime Mortgage can be advantageous when it comes to estate planning. By releasing the equity in your home and gifting the money now, you get to enjoy seeing the benefits that cash has brought to your loved ones. Something you can’t experience when you’ve gone.


If Equity Release is something you think you could benefit from and would like more information on our Lifetime Mortgage products, please arrange a no obligation discovery call to see how Downton Mortgages and Financial Services can help you and your family.

A Lifetime Mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits and tax status. The impact of not servicing monthly interest payments on a Lifetime Mortgage is that the outstanding debt can grow rapidly, thus reducing the value of your estate.

For example, if the interest rate was 7% a year, a £50,000 loan would double to £100,000 after 10 years assuming no repayments are made.

This is an example for illustrative purposes only and personalised advice and recommendations should be sought from a qualified professional. You are strongly advised to register a lasting power of attorney. This will allow your affairs to be managed by somebody else if your mental abilities significantly decline.