Live in care at Home – Elderly home care blog

If you own your own home, it may be possible to take out what is known as a lifetime mortgage.

A “Lifetime Mortgage” would allow you to withdraw capital up to a certain level to meet the cost of funding your care. The attraction of a lifetime mortgage is that there is no requirement to make any payments of interest or capital to the lender during your lifetime. All interest payments are deferred and the overall debt is settled on your death.

If you would like to know more about this service, please let us know and we can arrange a free consultation with a firm of Chartered Financial Planners, who will be able to advise you whether a lifetime mortgage would be suitable for you.