If you, like so many others, are worried your pension will not see you through your retirement, it is worth considering a Unite approved ‘Lifetime Mortgage’ as a means of supplementing your income. Being property rich but cash poor is frustrating so why not do something about it today.
The Unite Lifetime Mortgage allows you to release a lump sum or regular extra income from the value of your property. There are no regular repayments to make as the amount you have released, plus any interest is repaid from the money made when the property is sold. Generally this is when you die, move into long term care or permanently leave the property.
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