Lifetime Mortgages
Release equity from your home in retirement. We will help you understand your options and secure flexible solutions for homeowners over 60.
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Key Considerations
Available for homeowners over 60
No regular repayments required
Retain ownership of your property
Access to tax-free cash
Repayable after you sell, die, or move into care
Optional repayments allowed
Interest can be compounded over time
Reduces value of your estate
Frequently Asked Questions
A Lifetime Mortgage is a loan secured against your home that allows you to release equity without having to sell. You retain ownership of your property and can continue living there. The loan, plus any accumulated interest, is typically repaid when you die or move into long-term care.
Generally, you must be aged 60 or over and own your own home in Ireland (either outright or with a small outstanding mortgage). The amount you can borrow depends on your age, the value of your property, and the provider's criteria.
No, with a Lifetime Mortgage, you typically don't have to make any monthly repayments. However, some plans allow you to make voluntary repayments to manage the interest, and some offer interest-only payment options.
Interest is charged on the amount you borrow and typically compounds over time (rolled up). This means the total amount you owe can grow significantly over the years. Some plans offer interest payment options to control this growth.
Your family will still inherit your home, but the lifetime mortgage (loan plus interest) will need to be repaid, usually from the sale of the property. Any remaining equity after repayment goes to your beneficiaries.
Many modern lifetime mortgage plans are portable, meaning you can transfer the loan to a new property if it meets the lender's criteria. However, some circumstances may require early repayment, which could incur charges.