Reverse Mortgages

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A reverse mortgage is a loan facility that allows applicants over the age of 65 to borrow a certain percentage of the value of their home to obtain cash. They are generally not required to pay this facility back until they either sell the property OR die and the estate will then pay back the facility.

Applicants will require independent advice to ensure they understand the conditions of the facility. There are only a small amount of lenders that offer this facility and we would highly recommend speaking with us if you are aged over 65 years and thinking of a reverse mortgage.