Exploring Your Options for the Future
As we get older, many people start to consider how they can make the most of the assets they have, especially their homes. Later life lending options, such as Retirement Interest Only (RIO) mortgages, are designed to support homeowners aged 55 and over who are looking to unlock some of the value in their property.
At Ingrid Cairns & Associates, we can provide expert advice on Retirement Interest Only mortgages, a popular option for those looking to release equity while still living in their homes.
What is Later Life Lending?
Later life lending refers to mortgage products tailored to those in later life, generally over the age of 55. These products can help homeowners raise funds for things like supplementing retirement income, making home improvements, or supporting family members.
A key option within later life lending is the Retirement Interest Only mortgage, which allows individuals to take out a mortgage without the obligation of making full capital repayments during their lifetime. The mortgage is repaid when the property is sold, typically after the homeowner moves into long-term care or passes away.
Why Consider Later Life Lending?
Later life lending can provide much-needed financial support for those approaching or already in retirement. Whether you’re looking to raise money for retirement, pay off existing debts, or make home improvements, later life lending could offer a solution.
It’s essential to consider the options available and get professional advice on which product best suits your needs.
Getting Expert Advice
Later life lending can be a great option for some homeowners, but it’s important to speak to an expert before making any decisions. We work closely with a trusted colleague who specialises in later life lending and can provide tailored advice to help you explore your options.
Get in touch with us today to learn more and explore how later life lending can support you in the years ahead.
Please note: Ingrid Cairns & Associates is authorised to offer advice on Retirement Interest Only mortgages but is not authorised to advise on products like Equity Release.
Contact Us
If you’re interested in learning more about later life lending or would like to discuss your specific situation, get in touch with us today. We’re here to help you make the most of your home’s value and ensure that your financial future is secure.
Ingrid Cairns & Associates Limited are not authorised to provide advice on Equity Release, this will be referred to a third party.
This is a lifetime mortgage. To understand the features and risks, please ask for a personalised illustration. Check that this mortgage will meet your needs if you want to move or sell your home or you want your family to inherit it. If you are in any doubt, seek independent advice.
Your Home (Or Property) May Be Repossessed If You Do Not Keep Up Repayments On Your Mortgage. Some Forms Of Buy To Let Mortgages Are Not Regulated By The Financial Conduct Authority. A Fee May Be Charged For Mortgage Advice.
