🏡 Lifetime & Later-Life Mortgages in Tunbridge Wells

Looking to release cash from your home without selling? Serving areas from The Pantiles to Rusthall and Southborough, we guide you through equity release (lifetime mortgages, RIOs) and explain when remortgaging may be a more affordable choice.

🤝 Our Support Includes

• 💷 Lifetime mortgage options (lump sum or drawdown)
• 📄 Retirement interest-only mortgage products
• 🧾 Explaining how equity release may affect inheritance and benefits
• 🔄 Remortgaging as a potentially lower-cost alternative

⚠️ Important Considerations

Lifetime mortgages let you stay in your home while borrowing against it—typically up to 60% of its value—with repayment deferred until sale or care, and include a no-negative-equity guarantee.

⚖️ Pros & Cons

• ✅ Access tax-free cash, no need to move
• 📉 Interest compounds, which may reduce inheritance over time
• 🏛️ Can affect eligibility for state or means-tested benefits
• 📌 Early repayment fees can apply if you move or refinance

🔄 When to Consider Remortgaging

If you’re approaching the end of a fixed-rate deal or have equity growth, remortgaging may unlock funds at a lower long-term cost.

❓ FAQs

💡 What counts as equity release?

Products include lifetime mortgages (drawdown or lump sum) and retirement interest-only options.

💷 How much can I release?

Generally 20–60% of your home’s value, depending on your age and health.

🏠 Is downsizing better?

It can free more equity and avoid arising costs—especially for downsizers—worth comparing.

➡️ Next Steps

Let us know your situation in Tunbridge Wells, and we’ll connect you with an FCA-authorised adviser to help you compare equity release and remortgage options.