More and more people are now considering a lifetime mortgage as part of their financial planning for retirement. However, you must ensure that you are happy with how the lifetime mortgage works and the terms and conditions associated with it. You need to understand it will impact any inheritance that you leave to your beneficiaries and may impact your rights to state benefits. Because of this, it is a regulatory requirement to speak to a financial adviser before taking out a lifetime mortgage. A financial adviser will be able to listen to your needs and research your options amongst a wide range of mortgage providers.
