Later Life Lending

About Later Life Lending
Lifetime Mortgages (Equity Release)

Equity release schemes offer homeowners aged 55+ a way of releasing some of the money tied up in your home, without the need to move, and if you prefer, without the need to make any monthly repayments. The money equity release provides can then be used for whatever you like. With drawdown lifetime mortgages you can even take the money in stages thus avoiding any unnecessary build-up of interest.
Lifetime Mortgages, with this method of equity release you simply take out a loan against the value of your property and you can choose whether to make any monthly repayments of interest.
Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise on and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes.

Retirement Interest Only Mortgages
The Retirement Interest Only Mortgage is available to people over 55. It is a loan secured against the value of your home. You pay the interest each month, which means the amount you owe does not increase over time.
The loan is completely tax-free. You can use it for most purposes (including paying off an existing mortgage). What’s more, you don’t have to repay the loan until you, or the last remaining borrower, die or move permanently into long-term care.

Later life lending is not always the right solution therefore before we provide you with any information, we will look at all alternative options to ensure we are giving you the best possible advice.
During the process, we encourage you to involve your family as any equity released will reduce the value of your estate.


Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The precise amount will depend upon your circumstances, but we estimate it will be £995.

The guidance and or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

John MacAskill, t/a Highlands & Islands Retirement Mortgage Solutions is an Appointed Representative of HL Partnership Ltd, which is authorised & regulated by the Financial Conduct Authority.

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