Lifetime & Equity Release Mortgages
Lifetime Mortgages & Equity Release
Lifetime mortgages and equity release products allow homeowners aged 55+ to access money tied up in their property without the need to move home. Whether you’re looking to supplement retirement income, fund home improvements, support family members or simply unlock some of your property wealth, NexGen Finance provides clear guidance every step of the way. We help you understand how these products work, what they mean for your long-term plans, and the options available based on your age, property and financial goals.What Is Equity Release?
Equity release allows eligible homeowners to take a lump sum, drawdown, or regular income secured against the value of their property.- ✔ You continue to own your home
- ✔ No monthly repayments required unless you choose them
- ✔ Funds can be taken as a lump sum or accessed when needed
- ✔ Designed for homeowners aged 55 and above
Types of Lifetime & Equity Release Mortgages
- Lifetime Mortgage – borrow a percentage of your property value with interest rolled up or optionally repaid
- Drawdown Lifetime Mortgage – release funds gradually as you need them
- Interest-Only Lifetime Mortgage – make monthly interest payments to maintain the loan balance
- Enhanced Lifetime Mortgage – for applicants qualifying through age, health or lifestyle factors
Reasons People Consider Equity Release
Boosting Retirement Income
Some homeowners choose equity release to supplement pensions or maintain lifestyle standards in retirement.Home Improvements & Renovations
Access funds for upgrades, extensions or adaptations to support long-term living comfort.Helping Family
Many clients use equity release to support children or grandchildren with deposits or education costs.Paying Off Existing Borrowing
Equity release can be used to repay outstanding mortgages or loans, simplifying finances.Maintaining Ownership
You stay in your home and retain ownership while accessing a portion of the equity you’ve built up.How We Help
- 📊 Assessing eligibility based on age, property value and goals
- 🧾 Explaining the different product types and how they work
- 💷 Outlining borrowing amounts and release options
- 🏡 Support with valuations, documents and application steps
The Process
1. Initial Discussion
We talk through your goals, preferred outcome and current financial picture.2. Property Assessment
Your home’s value helps determine how much you can release and which products suit you.3. Exploring Options
We outline suitable lifetime and equity release solutions based on your age, plans and preferences.4. Application & Valuation
Once you choose a route, we assist with the application, valuation and required checks.5. Completion
Funds are released as a lump sum, drawdown or combination, depending on your chosen product.Common Considerations
- ✔ Loan balance increases over time unless interest is repaid
- ✔ Releasing equity may reduce inheritance amounts
- ✔ Your property remains your home throughout
- ✔ Flexible options such as voluntary payments or drawdown can help manage long-term plans
Get Started
If you’re exploring ways to unlock value from your property or improve your financial comfort later in life, NexGen Finance can help you understand your options clearly and confidently. Contact us today to begin your equity release enquiry.🧮 Mortgage Calculator for Buyers and Homeowners
Using a mortgage calculator is a smart way to understand your potential monthly payments before making any big decisions. Whether you’re buying your first home or looking to remortgage, it’s a quick and simple way to plan ahead.
Our calculator is designed to give you a clear idea of what your repayments could look like based on your loan amount, term, and interest rate — helping you make informed choices early on.
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