A Reverse Mortgage is also known as a Seniors Loan or Equity Release and gives borrowers 60 years and over access to the equity in your home or investment property without the need to make any repayments until the property is sold or passes to their estate. Options to repay the loan by the borrower are also available with several lenders.

The interest compounds (interest charges and fees are added to the loan each month) and repayment is made to the lender when the property is sold, or when the title passes to the borrowers estate. These products also contain a "No Negative Equity Guarantee", meaning you will never owe more than the value of your home on these loans.

The equity you've worked hard to build up in your home can be used for any purpose you wish; pay for a holiday, medical expenses, provide additional monthly income, it's your choice. Now you can use your bricks and mortar to fund a more rewarding lifestyle.

Would more funds help you enjoy a better retirement?
Wouldn’t it be great if you could use the equity in your home to fund the things you would like to do?
In the past to improve your lifestyle you would have had to sell your home to access this accumulated wealth - but not any more. With a Seniors loan you can use it for your own purpose, this might include home improvements, buying a new car, taking a holiday, medical expenses or even paying for your grandchild's education.

Some of the key features include;

- Unlock the equity in your home.
- Use the cash for whatever you need.
- Your home is yours for life.
- You retain full ownership of your property.
- You retain any increase in the property's value.
- Take the loan as a lump sum or regular payments.
- No repayments are necessary.
- No Negative equity guarantee.

You no longer have to compromise on the things you really need or worry about those unexpected emergencies.

To find out about other loan types, follow the links below or Click here to find out which type of loan suits you... Standard variable loan Basic/No Frills loan Fixed rate loan Introductory loan Offset accounts Low doc loan No doc loan Line of Credit Non Conforming loans Construction loans Relocation loans Equity loans Home (Click here if you don't see the navigation menu)