EQUITY RELEASE
& MORTGAGES
FOR OVER 50s
USE YOUR HOME TO HELP FUND RETIREMENT ACTIVITIES
Did you know that a mortgage can be used to release equity from your home which can be used to fund retirement activities such as travel, hobbies an even to purchase an overseas home. Funds can also be released to cover things such a healthcare, care home fees and provide house deposits for your children or grandchildren. They can even help cover a divorce settlement!
But with so many different types of mortgages out there, it can be hard to know where to start. To help get you started our guide will cover everything you need to know about getting a mortgage in retirement, including:
• The different types of mortgages available to over 50s*
• The eligibility criteria for mortgages for over 50s
• The costs involved in taking out a mortgage in retirement
• Key factors to consider when choosing a mortgage in retirement
• How to get a mortgage in retirement
*Equity Release relates to Lifetime Mortgages only - Slaiyburn does not advise on Reversionary Schemes