Lifetime Mortgage

Beggerman

The premise of a a future after taking out a Litetime Mortgage .You will always own your home.Yes but not 100% of its value.The Legal Charge put against your property can reduce that figure by 30-40%.No monthly payments.That means the interest due is added on annually and can double your debt every 14/15 years.No Negative Equity guarantee.This is hard to calculate but you may have to live much more than 50 years to reach that point .All calculations will be issued before signing to your future.Request them.

worried_jim

Idiot + Spam = Reported.

kingstreet

Beggerman wrote: »

The premise of a a future after taking out a Litetime Mortgage .You will always own your home.Yes but not 100% of its value.The Legal Charge put against your property can reduce that figure by 30-40%.No monthly payments.That means the interest due is added on annually and can double your debt every 14/15 years.No Negative Equity guarantee.This is hard to calculate but you may have to live much more than 50 years to reach that point .All calculations will be issued before signing to your future.Request them.

Please stop assuming every lifetime mortgage is based on interest roll-up or at least say that's what you are talking about.

How many logins is that now?

No. I do not sell, advise on or otherwise derive any income from such business.

maisie_cat

A lifetime mortgage can make the difference between enjoying old age in your home and being forced to downsize. The only people with a problem are likely to be money grabbing children because their inheritance will reduce.