Lifetime Mortgages: Square Mile Mortgage Finance

Lifetime mortgages (also known as Equity Release) are a special range of products designed to allow mature clients to gain access to the equity locked up in their properties.

Normally based on the age of the youngest applicant, Lenders will allow a maximum percentage to be released for any legal purpose. Interest is calculated on the amount borrowed, however, no monthly payment is made. The interest is added to the debt (rolled up) and is only paid once the loan is paid off or the property sold.

Due to the nature of the products it is important to speak to a specialist who can identify the most suitable option for you.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Written quotations available on request. Insurance may be required. Brokers fee of up to 1.5% may be charged. The FSA does not regulate some buy to let or commercial mortgages Square Mile Mortgage Finance Limited is an appointed representative of Cobalt Capital LLP, 173-176 Sloane Street, London, SW1X 9QG, which is authorised and regulated by the Financial Services Authority. Cobalt Capital's FSA register number is 432400. http://www.fsa.gov.uk/register The information within this website is subject to the UK Regulatory regime, and is therefore targeted at consumers based in the UK.