- Preston: 01772 620000
- Southport: 01704 829888
- Garstang: 01995 676211
Finding the Key to the perfect mortgage shouldn’t be stressful. Let’s make it easy.
We compare 100+ lenders to secure the best mortgage for you. No jargon, no hidden fees—just the right mortgage for your needs.
As a homeowner, you’ve probably seen the value of your home increase over time. With a lifetime mortgage, you have the opportunity to tap into some of this value and release a cash sum.
With over 24 years of experience as mortgage brokers in Preston, Garstang, and Southport, we understand that the ins and outs of lifetime mortgages can seem confusing at first. We’re here to provide you with all the information you need so you can work out if a lifetime mortgage is right for you and make the best decision for your finances.
Learn more about how lifetime mortgages work in the UK, and please don’t hesitate to get in touch to discuss your property and circumstances in more detail with one of our helpful advisors.
Lifetime mortgages are similar to standard mortgages in the sense that they are loans secured against your property. However, with a lifetime mortgage, the loan will not need to be repaid in monthly instalments.Â
Instead, the loan and interest are rolled up and repaid by the sale of your property when the plan ends. This is normally when you die, or move into long-term care.
A lifetime mortgage is designed for people over the age of 55. It allows you to either buy a new home or release money from your current property without the need to make any monthly repayments during the lifetime of the loan.
We recognise that making the switch to a lifetime mortgage is a big decision. Our mortgage brokers in Southport, Preston, and Garstang are available to explore your options with you to help you find the best type of mortgage for your requirements.
The friendly team at Key Mortgage Advice can offer a telephone call or visit you in your own home. During this consultation, we’ll discuss your situation so we can provide clear and concise advice, tailored to your personal circumstances.
If you decide you would like to proceed with a lifetime mortgage recommendation, we offer full support with the mortgage application, legal forms, and completion matters to ensure the process is as straightforward as possible.Â
We can also walk you through your other mortgage options, such as remortgaging. In addition, we will offer you our full support going forward, so you can always contact us for guidance.
Frequently Asked Questions
Lifetime mortgage interest rates vary depending on the lender. However, you can generally expect to pay around £1500 to £3000 for the equity release fee.
The full sum will usually be taken from the sale of the property after the borrower has died or gone into residential care.
Most lifetime mortgages have a ‘no negative equity’ guarantee. This means that if your property falls into negative equity (sells for less than the mortgage amount), it won’t leave your family owing more than the property is worth.
If you feel that a lifetime mortgage might be suitable for you, please feel free to contact us today, and we’ll be happy to guide you through any next steps. We offer honest, personalised advice that puts your future first and helps you use your home wisely in retirement.
Fill out our online contact form to book a free consultation, emailÂ
enquiries@keymortgageadvice.co.uk, or give us a call at your local branch:
Unlock tax-free cash from your home in retirement with trusted advice and products from leading lifetime mortgage providers.
We specialise in helping older clients access property wealth in a responsible, informed way.
Our advisors ensure you fully understand your options, risks, and long-term impact of equity release.
We encourage involving family in the process, supporting clear and confident decision-making.
Choose from interest-only, drawdown, or lump sum plans that suit your lifestyle and future plans.
Book a no-obligation consultation with us on: 01772 620000.
We offer honest, personalised advice that puts your future first and helps you use your home wisely in retirement.
Award-Winning Mortgage Experts
Recognised for excellence in mortgage advice, ensuring you get expert service you can trust.
We Have A 5-Star Rated Service
Thousands of happy homeowners have rated us 5 stars for our transparent, hassle-free mortgage support.
Access To Whole Market Access
We compare thousands of deals from over 100 lenders to find the very best mortgage for you.
We Are Fully Regulated & Accredited
We are FCA-regulated and accredited by industry-leading bodies, ensuring professional and ethical mortgage advice you can trust.
Key Mortgage Advice Ltd
Key Mortgage Advice Ltd is authorised and regulated by The Financial Conduct Authority. Registered in England.
Company Number 04837523
Trading Address: 276 Station Road, Bamber Bridge, Preston, PR5 6EB
Registered Address: 276 Station Road, Bamber Bridge, Preston, PR5 6EB
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
We are entered on the Financial Services Register No 312930 at
https://register.fca.org.uk/
Financial Ombudsman Services
If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email.
Please be assured we treat complaints seriously. For your protection if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service (‘FOS’). Please see the following link for further details:
https://financial-ombudsman.org.uk/
https://avistaifp.co.uk/financial-ombudsman-services/
Book a free consultation with our lovely team: with over 20 years experience, we’ll give you peace of mind and find you the best deal on the market!
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