Later Life Lending

Exploring your options when you are over 55

Later Life Lending Solutions

Responding to the growing demand for later life financial solutions, Fitch & Fitch introduced our Later Life Lending service in 2021. Our offerings encompass a comprehensive range of Lifetime Mortgages and Retirement Interest Only Mortgages, available through our network of expert advisors. Whether your objective is to pay off an existing mortgage, release funds for personal needs, tax planning, or to support family members, our team is equipped to evaluate your situation and recommend the most appropriate option.

Our pledge is to provide transparent, unbiased advice and ensure exceptional service throughout the mortgage application process and beyond.

As a proud member of the Equity Release Council and regulated by the Financial Conduct Authority (FCA), we uphold the highest standards in all our services.

Exploring Later Life Lending Choices

One of the most prevalent Later Life Lending options is the Lifetime Mortgage. Suitable for borrowers over 55, Lifetime Mortgages offer a sum secured against the home, with a first legal charge akin to a conventional mortgage. Typically, interest rates are fixed for the duration of the loan. Borrowers have the flexibility to pay some or all of the interest, or opt to make no payments and accumulate the interest on the loan. The loan, along with accrued interest, is repayable upon the borrower’s (or last surviving borrower in joint applications) death or move into care. Loan sizes and interest rates for Lifetime Mortgages depend on the borrower’s age and property value, independent of income or affordability assessments.

When considering the best solution, it’s critical to explore all alternatives, including:

Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Typically we charge a fee for the advice we provide; this fee will be dependent upon your personal circumstances and will be agreed with you after we have fully understood your requirements. Any fee is usually payable upon successful completion of your mortgage.

Need Assistance?

Fitch & Fitch are experts in helping clients achieve their goals. Whether you’d like to make a finance enquiry or simply have a question about our services, we’re on hand to help.