Life events like illness, separation, new relationships, or changing goals can all impact your mortgage needs, your family and potential beneficiaries. 

Typically, with a Home Reversion Plan, the homeowner is selling their interest in the property, and so the loan-to-value can be 75% or even more. However, with a Lifetime Mortgage, given that the borrower is rolling up the interest, the amount of cash available at outset is limited, with a typical maximum often being just over 50%. 

The term “Equity Release” is really an umbrella term as it includes both Lifetime Mortgages, which make up the overwhelming majority of business, and Home Reversion Plans, which although representing a very small part of Equity Release business, still provide a crucial lifeline for some. 

The number of homeowners paying their mortgages into their 70s has surged by 156% in recent years, highlighting the increasing financial pressures reshaping homeownership. According to recent data from the Financial Conduct Authority (FCA), over 22,000 mortgages with 35-year terms were sold to buyers over 36 years old in the first nine months of 2024 alone, up from just over 15,000 in 2018.

If your mortgage rate is due to expire, this is for you.  

Be inspired by Sylvia's story. This is how thoughtful financial planning can create a lasting impact on your life and those around you.

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