Lifetime & Equity Release Mortgages in Greenwich

Considering how to make the most of your property wealth in later life? At Mortgage Broker Greenwich, we help homeowners across Greenwich, Maze Hill, Charlton, and Blackheath borders explore lifetime and equity release mortgages with clear, step-by-step guidance.

Whether you want to release funds for home improvements, supplement retirement income, or support family members financially, we’ll help you understand how these products work and introduce you to a qualified, FCA-regulated equity release adviser who can recommend suitable options.

What Is Equity Release?

Equity release allows homeowners aged 55+ to access tax-free cash tied up in their property without needing to move. You retain ownership of your home, and the funds can be used for any legal purpose — from clearing existing mortgage debt to gifting deposits to family.

The two main types of equity release are:

• Lifetime Mortgage: A loan secured against your home. Interest can be rolled up or repaid monthly, and the loan is typically repaid when the property is sold (e.g. upon death or moving into long-term care).
• Home Reversion Plan: You sell a portion of your property to a reversion company in exchange for a lump sum or income while retaining the right to live there.

Why Homeowners in Greenwich Consider Equity Release

• 💷 Supplementing Retirement Income: Use equity to support your lifestyle or bridge pension gaps.
• 🏠 Home Improvements: Modernise, adapt or extend your home without monthly loan repayments.
• 🎓 Helping Family: Gift money to children or grandchildren for deposits or education costs.
• 💳 Clearing Existing Debt: Pay off interest-only mortgages, loans or credit cards.
• 🌍 Remaining Local: Stay in your Greenwich or Blackheath home instead of downsizing.

Lifetime Mortgage Features

• No monthly repayments required: Unless you choose to make voluntary interest payments.
• Fixed interest rates for life: Protects against rate rises and provides clarity on future balance.
• No Negative Equity Guarantee: Ensures you never owe more than your property’s value.
• Inheritance Protection: Option to safeguard a portion of equity for your beneficiaries.
• Flexible Drawdown: Access funds in stages rather than one lump sum to reduce interest roll-up.

Important Considerations

Equity release is a major financial decision and can affect inheritance, benefits entitlement, and future flexibility. It’s essential to get personalised, regulated advice from an FCA-authorised equity release specialist.

We only introduce you to advisers who are members of the Equity Release Council, ensuring all products come with key consumer protections such as lifetime tenure and transparent terms.

Eligibility Snapshot

• Minimum age: typically 55
• Property value: usually £70,000+
• Location: residential property in the UK (freehold or long leasehold)
• Property condition: must meet lender criteria and valuation standards

Step-by-Step Process

1. Initial Discussion: We gather basic details and explain how equity release works.
2. Referral to Adviser: We introduce you to a regulated equity release specialist for a full fact-find.
3. Advice & Illustration: You receive a personalised recommendation and detailed breakdown of costs.
4. Application & Valuation: Your property is valued, and the lender confirms formal offer.
5. Legal & Completion: Solicitors finalise documentation, and funds are released directly to you.

Common Equity Release Questions

Can I move home later?

Yes, many lifetime mortgages are portable. Your adviser will confirm if your plan can transfer to a new property that meets lender criteria.

Can I make repayments?

Some lifetime mortgages allow voluntary interest or partial capital repayments without penalty. This can help manage future balance growth.

Will it affect my inheritance?

Equity release reduces the value of your estate. However, some products offer inheritance protection to reserve a percentage of your home’s value for beneficiaries.

Is it safe?

Equity release plans recommended by Equity Release Council members include consumer safeguards such as the No Negative Equity Guarantee.

Will I still own my home?

Yes—with a lifetime mortgage, you retain ownership. The lender places a charge on your home, repaid when you die or move into long-term care.

How We Work

We provide clear information and introductions. When regulated equity release advice is required, we introduce you to an FCA-authorised adviser who can assess your situation and recommend the most suitable product.

Get Started

Ready to explore equity release options in Greenwich? Send an enquiry and we’ll connect you with a local, qualified specialist who can walk you through your choices in full detail.