Straightforward and reliable lifetime mortgages
Later life lending or equity release schemes are becoming more mainstream. The most popular way of doing this is with a lifetime mortgage. We have a resident specialist in this area who will be happy to discuss.
How much can I borrow?
A lifetime mortgage is essentially a long-term loan designed for the over 55’s that is secured against your property. Unlike a normal mortgage you do not have to make any repayments before the end of your plan. However, interest is added to the outstanding loan each year at a fixed rate. Both the loan and the interest become repayable, usually on the sale of the property. This would normally happen when you die or go into long-term care.
Speak to your local branch who will arrange to have our lifetime specialist contact you to discuss the options available to you.
With 18 branches located all around Northern Ireland, you’re sure to find a local The Mortgage Shop near you! Come down and pay us a visit for all your mortgage needs.
The Mortgage Shop (NI) Limited undertakes credit broking and is not a lender. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. Typically we do not charge a fee for mortgage advice, however if we do, depending on your circumstances, it will be a maximum of £250. You may have to pay an early repayment charge to your existing lender if you remortgage.