'Equity Release' in Our Senior Years

Reverse Mortgages

Help to afford to stay in your home using 'Equity Release'

So what is a 'Reverse Mortgage' and 'Equity Release"?

iLender can advise you on how to continue to spend your retirement in your own home, providing you with both independence and peace of mind, knowing that unexpected costs are covered.

What is 'Equity Release"?

iLender can show you how an Equity Release Home Loan works. It basically allows you to borrow against the equity in your home, without having to sell it - releasing cash for your well earned and comfortable retirement.

We can explain very easily and clearly how such a Home Loan works, releasing equity in the value of your home, so you can achieve the freedom from worry about making ends meet, paying the rates and unexpected bills and affording some little extras too!

Can I Apply for an 'Equity Release' Home Loan now?

Yes you can apply quickly and easily by:

We’ll tell you straightaway what can be done to help you, what to consider and what costs are involved. Basically we would help you secure a simple loan against your  property, but  with no requirement for repayments until death or sale of the property.

Do I qualify?

Yes if you are over the age of 65 and own a property. However the amount you can borrow is related to the 'loan to value' as a percentage  of the value of your property. This is fairly low at age 65, but rises the older you get.

What are the benefits to me?

It may be that your home has no mortgage and you do not want to go into a Retirement Village or stay with family. If this is the case and you feel more comfortable staying in your own home rather than moving in your senior years, then 'Equity Release' may be a good option to consider.

After all this is your home and you may feel unhappy about moving. An 'Equity Release' Home Loan allows you to stay in your home and do the things you want to do, without the worry of repaying the debt. This is where an issue can arise as relatives sometimes feel ‘left out’ if you spend their inheritance!

What can I do with the money?

Anything legal! Repay other debt, pay for operations, trips abroad, paying for the grandchild's wedding or providing them with a deposit on their home. Maintaining your own home, in fact whatever you want to do is fine.

What’s the downside?

There isn’t one really, as we only recommend  reputable Banks and Lenders and all the ‘fine print’ can be gone over by your Solicitor before you commit. It’s a good plan to write down all the questions you may have and ask us up front. We’ll provide you with all the information you need so that you and your family can make an informed decision.

Reverse Mortgage Specialists


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'Equity Release' Home Loan Experts for Seniors - Here to Help!

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