• futurefinancial and synergiefinancial
  • futurefinancial 26 Queen Square Bath
  • BA1 2HX
  • synergiefinancial Synergie House Gillingham Dorset
  • SP8 4QJ
  • Tel: Synergie 01747 831035 Future 01225 446611
  • Fax: Synergie 01747 831036 Future 01225 446678

Free Consultation

You can have a free initial consultation. There's no fee, no catch and no obligation on your part. 

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Free Consultation

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Lifetime mortgages

Lifetime mortgages involve the taking out of a mortgage secured against the value of the home. There are no monthly repayments and interest is rolled up over the life of the loan and repaid upon leaving for long-term care or death, at which point the property is sold and the lender repaid. Interest can be fixed or capped. One aspect is that the loan can increase as interest is added over time to greater than the value of the property, although SHIP's member schemes offer a no-negative-equity guarantee.

Lifetime mortgages

Lifetime mortgages involve the taking out of a mortgage secured against the value of the home. There are no monthly repayments and interest is rolled up over the life of the loan and repaid upon leaving for long-term care or death, at which point the property is sold and the lender repaid. Interest can be fixed or capped. One aspect is that the loan can increase as interest is added over time to greater than the value of the property, although SHIP's member schemes offer a no-negative-equity guarantee.

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