Lifetime Mortgages

Lifetime Mortgages – Unlock the Value in Your Home

Your home is more than just a place to live—it’s also a valuable asset that can help fund your retirement, home improvements, or other financial needs. Equity release, or a lifetime mortgage as it is also known, allows homeowners aged 55 and over to access tax-free cash from their property while continuing to live in it. At J Finance, we provide expert guidance on the right equity release options for you.

What is a Lifetime Mortgages?

A lifetime mortgage is a way to unlock the value tied up in your home without having to move. However it can also be used for a property purchase, you don’t have to already own the home you are releasing equity from.

There are two main types of equity release:

1. Lifetime Mortgage

A lifetime mortgage is a loan secured against your home, allowing you to release a lump sum or regular payments while retaining ownership. The loan, plus interest, is repaid when you pass away or move into long-term care.

2. Home Reversion Plan

With a home reversion plan, you sell a portion of your property to a provider in exchange for a lump sum or regular payments while continuing to live there rent-free. These plans account for less than 0.1% of the equity release market in the UK and as a consequence, J Finance has chosen not to offer this type of equity release. We can however make an appropriate referral externally if it is right for you.

Benefits of Equity Release

  • Tax-Free Cash – Use the money however you wish, whether for home improvements, holidays, or supplementing your retirement income.

  • Flexible, or No Monthly Repayments – With a lifetime mortgage, repayment is only required when you pass away or move into care, however many modern plans allow payments ranging from 0-100% of the interest and some lenders will offer a discounted interest rate if you agree to pay the interest.

  • Stay in Your Home – Continue living in your home while benefiting from its value.

  • Flexible Options – Choose a lump sum, regular payments, or a combination of both to suit your financial needs.

Things to Consider

  • Releasing equity may affect your entitlement to means-tested benefits.

  • Interest may roll up over time, reducing the inheritance you leave behind.

  • Professional advice is essential to ensure equity release is the right choice for you.

Why Choose J Finance?

  • Independent, Regulated Advice – We work with a range of providers to find the best equity release plan for you.

  • Tailored Solutions – Every homeowner’s situation is unique, and we provide options suited to your needs.

  • Transparent Process – We explain everything clearly, ensuring you make an informed decision.

  • Ongoing Support – We’re here to help throughout the entire process and beyond.

Unlock the Value of Your Home Today

Equity release can provide financial freedom in later life. Contact J Finance today for expert advice and to explore your options.