Releasing equity in your home through a loan product such as a “lifetime mortgage” can be a tempting means by which you can access the value of your property. For those with insufficient pension funds, it can seem like the “get out of jail free card”. But these products are expensive, and their total cost can build up quickly over time. In today’s video we explain what a lifetime mortgage is, and why it’s best to avoid these products if possible!
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DISCLAIMER: The information provided in this video is for educational and entertainment purposes only and is not intended to constitute advice. I do not recommend acting on the basis of this video alone, nor should you act upon the sole opinion of any individual on the internet before doing further research and/or contacting a professional advisor.
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