Explore Your Options....
7 Reasons to release equity from your home?
Whether your helping family or making the most out of retirement or both, a Lifetime Mortgage could help.
Home improvements
Helping family buy property
Funding private medical care
Pay off a mortgage or other debts
Tax free income in retirement
Inheritance tax planning
Ticking things off the bucket list
How much would you like to borrow?
YOU SHOULD THINK CAREFULLY BEFORE SECURING A LOAN AGAINST YOUR HOME.
THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION
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What We Compare
We are an FCA authorised mortgage and credit broker and not a lender. We have partnered with companies that will help you to explore two main types of Retirement Mortgages, namely 'Retirement Interest Only (RIO) Mortgages and 'Lifetime Mortgages'. We do not compare or provide options for 'Home Reversion Equity Release'. If you use this website and complete the form then you will be contacted by a Retirement Mortgage specialist. Their job is to explore your options, provide you with quotes and information as well as answer all of your questions so that you can make an informed choice on your mortgage future.
Example Of A Lifetime Mortgage
Emma owns her property outright and has no existing mortgage. The property is worth £300,000. She’s offered a lifetime mortgage of £50,000 with an interest rate fixed at 5%. She takes the £50,000 as a lump sum and chooses not to pay off the interest as she goes. After 10 years, Emma moves into a care home and her house is sold. The lifetime mortgage is now repaid from the proceeds of the sale, and is the original £50,000 loan plus the 5% interest compounded over the 10 years, which is £31,445– making a grand total of £81,445.
Now let’s suppose Emma remains in her home for 20 years rather than 10. The interest would compound over the full 20 years, so would amount to £82,665. This makes a grand total of £132,665 to be repaid from the sale of the house. This would leave £168,000 of equity in the property which after the usual costs of selling a property would go to Emma.
Now, house prices go up and down but according to https://www.nationwide.co.uk/house-price-index/, home values have increased by 115% over the last 20 years, between 2003 and 2023. If (and it is an ‘if) the value of the home increased by 115% over the next 20 years then the property would be worth £645,000. So, when Emma goes into care and sells here property at £645,000, she would be left with £513,000.
About our app
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Equity Release
Equity release refers to a range of products letting you access the equity (cash) tied up in your home without having to move or sell the property. You can take the money you release as a lump sum or, in several smaller amounts or as a combination of both
How much would you like to borrow?
Borrow Up To £1,000,000
The amount that you can borrow against your property will depend on your age and your property value but we can help you to release equity from £20,000 all the way up to £1,000,000
How much would you like to borrow?
Tax free income in retirement
There are so many reasons that people would use the money tied up in their homes. It could be to help family, have additional income in retirement or tick off some of that bucket list. No matter what the reason, we can help.
How much would you like to borrow?
Search with no impact on your credit score
You can compare dozen of Lifetime Mortgage options and get tailored recomendations with having no impact on your credit score.
Get no obligation quotes tailored to you
Make an informed, no pressure decision about your options with tailored quotes and examples based on your finances.
No credit checks or need for good scores
Unlike traditional mortgages, Lifetime Mortgages do not need to take into account your credit worthiness.
Let's find your Retirement Mortgage
How much would you like to borrow?
RetirementMortgages
We help people to compare Retirement Mortgages and to provide them with free, no obligation quotes as well as answering all questions to ensure that it is the right option for our customers.
Legal Stuff
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This website is owned and operated by Ramsey Lomax Limited - 7 Bell Yard, London, WC2A 2JR
FEES: Ramsey Lomax will not charge you for using this website or for using our liftetime mortgage search enquiry form. When you make an enquiry on this website, we will introduce you to an FCA authorised lifetime mortgage expert who will complete your search. Ramsey Lomax may receive a fee for this introduction. That fee may be paid to us in a number of ways. Either a one off introduction fee or a lifetime mortgage completion fee, that is to say, if you take out an equity release product through an expert that we have introduced you to, they may pay us a fee. The expert(s) that we introduce you to, may charge a fee, to you, the client. It is important that you discuss any fee(s) with the experts. More information about and the brokers we work with can be found here.
RAMSEY LOMAX IS A CREDIT BROKER, NOT A LENDER. Ramsey Lomax & The FCA: We are directly authorised by the Financial Conduct Authority. Our licence number is 704282.
THE ICO: Ramsey Lomax & The ICO: We are authorised and regulated by the Information Commissioners Office (ICO). The ICO ensures that companies adhere to data protection legislation such as GDPR. We take your data protection and privacy very seriously. All of your information is held securely and confidentially. You can read more about this in our privacy policy section.
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