Schemes Available

Lifetime Mortgages

With this type of arrangement a sum of money is borrowed from a product provider, either as a lump, a regular income, an irregular drawdown or a combination depending on your circumstances and requirements.

In all cases the interest charged on the amount borrowed is fixed for life and rolls up, without the need for repayments, until death or the need to move into long term care. At this stage the property is sold and the lender takes back the capital borrowed plus the accrued interest.

All lenders recommended by Mature Solutions give a 'no negative equity' guarantee which means that should the debt ever exceed the value of the property then there will be no call on the beneficiaries to your estate and any loss is the responsibility of the lender.

Home Reversion

These schemes work on the principal that you sell all or a percentage of your property to a reversion provider in return for a lump sum, a regular income or a combination, again

dependant on your circumstances and requirements.

Unlike Lifetime Mortgages the ownership of the property is transferred to the product provider who will lease it back to you until your death or the need to move into long term care.

As there are so many permutations of the above with advantages and disadvantages to each segment you are strongly encouraged to seek proper advice from someone specialising in the subject and able to access the whole of the market such as Mature Solutions