Lifetime Mortgages & Equity Release in Southwark

Later-life mortgage support for homeowners in Southwark, London Bridge and SE1.

Many long-term homeowners in Southwark, Borough, Bermondsey and Elephant & Castle have seen significant growth in property values. For some over-55s, a lifetime mortgage or other equity release plan can unlock part of that value – but it’s a major decision with lasting consequences.

We help you understand the basics and, where appropriate, introduce you to FCA-authorised later-life advisers who can give detailed, regulated advice.

How Lifetime Mortgages Work

• Available to many homeowners aged 55+, subject to criteria.
• Loan is secured on your home; interest is usually rolled up rather than paid monthly (unless you choose otherwise).
• The loan plus interest is normally repaid when the last borrower dies or moves into long-term care and the property is sold.

Common Reasons People Consider Equity Release

• Boosting retirement income in a high-cost area like SE1.
• Helping family with deposits or education costs.
• Clearing an existing mortgage that’s becoming difficult to service.
• Funding home improvements or care-related adaptations.

Key Points to Think About

• Interest roll-up: The amount owed can grow quickly over time.
• Inheritance: Releasing equity reduces what’s left for beneficiaries.
• Benefits & tax: Cash released can affect means-tested benefits; tax position depends on your circumstances.
• Alternatives: Downsizing, using other assets or family arrangements may be more suitable.

Types of Plans

• Lump sum lifetime mortgages – one-off release.
• Drawdown plans – release smaller amounts over time.
• Interest payment plans – pay some or all interest to control the balance.
• Home reversion plans – selling part of your property to a provider (specialist advice essential).

Our Process

1. Initial chat: We listen to what you’re trying to achieve and discuss general options.
2. High-level explanation: We outline how later-life lending works in straightforward terms.
3. Regulated advice: If you want to look at this seriously, we’ll introduce you to an FCA-authorised equity release adviser.
4. Recommendation (if suitable): The adviser will assess your full situation, explain alternatives and only recommend a product if appropriate.

FCA & Later-Life Lending Disclaimer

We are not authorised to provide regulated equity release advice or to recommend specific lifetime mortgage products. Equity release is a complex area and must be discussed with an FCA-authorised adviser. Our role is to provide information and introduce you to suitable professionals.

Useful Links

Pension Review & Retirement Planning ·
Standard Remortgages ·
Later-Life & Retirement Mortgages ·
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Equity Release FAQs — Southwark

Do I have to make monthly payments?

Many lifetime mortgages don’t require mandatory monthly payments, but some allow or encourage voluntary interest payments. A regulated adviser will explain the pros and cons.

What if I want to leave money to my family?

Equity release will usually reduce the value of your estate. Some plans offer inheritance protection features – this should be discussed in detail with an adviser.

Considering Equity Release in SE1?

If you’re a homeowner in Southwark, Borough or SE1 and want to explore your options, get in touch and we’ll help you speak with an FCA-authorised adviser.