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Paint the future you deserve in your retirement!

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Unlock your future.

If you are over 55 and own your own home, you could be eligible for a Lifetime Mortgage, also referred to as Equity Release.
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Unlock with equity

These are just a few reasons why a Later Life mortgage could be the way forward for you.

Are you asset rich, cash poor? You don’t need to be. Release the funds from your home and enjoy your life now! 

Are you coming to the end of your interest-only mortgage & can’t afford to pay it back?

By releasing equity, you may be able to continue living in your property and living the life you love.

Are you struggling with increasing living costs?

Releasing equity can free up cash that can take the pressure off your monthly finances and help you enjoy a more comfortable retirement.

Are you looking to carry out those home improvements, but don’t have the savings?

Stop putting off those renovations! I could help you find the funds for reconfigurations, extensions and more by releasing equity from your property.

Hello, 👋
I’m Kelly Worthington.

My name is Kelly Worthington. I’m the Director of Later Life Freedom and I have more than 20 years’ experience within the mortgages industry. My company was born out of a pure passion for people and property; it provided me with a way to marry my love for the two, and it still does!

I am a straight talking, approachable, and forward-thinking broker who will always seek the most suitable product for my customers. I can provide advice on Lifetime Mortgages – which is a type of equity release plan. When it comes to my advice, I treat everyone as though they were my own Nan and Grandad!

I want to be able to sleep at night, safe in the knowledge that I’ve given the most suitable advice, and my customers are going to get the right outcome.

Work with me, and there will never be any catches, or any hidden charges. What you see is, quite literally, what you get – and the same principle applies when I’m helping you secure the right plan for you and your family.

Equity Release Frequently
Asked Questions.

How does Equity Release work?

If you are over 55 and you own your own home, a Lifetime mortgage could provide the missing piece of the puzzle when it comes to boosting your retirement plan.

The amount of equity you can release from your property won’t depend on how well you meet a lender’s affordability criteria, like it does with standard mortgages. It will be based on your age, your health, and your property’s value.

You can release equity from your property to use as you wish. You can pay the interest as you go, or you can roll the interest up, if you are in a financial position to do so.

The mortgage will be paid back to the lender when you go into long term care or pass away.

What if I end up owing more than my property is worth?

All providers that are part of the Equity Release Council offer a no negative equity guarantee. This means that, however long interest is allowed to roll up for, if the amount owed does exceed the property value, the whole amount is swallowed up when you go into long term care or pass away. Your estate will NEVER owe more than the property is worth once sold.

What if one borrower passes before the other? Does the surviving borrower become homeless?

If one borrower needs to go into long term care, or dies, nothing changes for the surviving borrower.

They can continue to stay in their home. When their time comes, the property will need to be sold to pay back the lender.

When I die, will I be leaving debt to my family?

In short, no! When you die, your equity release plan is repaid. Your beneficiaries must inform your equity release lender. Typically, you will have 12 months after your death in which to repay your plan. Usually, your property would be sold to pay this, unless a member of the family wanted to keep the property and repay the lifetime mortgage by raising the funds themselves.

What if I want to pay the lender back early?

This is an option. However, you will have an early repayment charge to pay, which tends to be a percentage of the outstanding amount. This would be
outlined in your initial offer; your lender will have confirmed how long you are tied in for and how much you owe should you leave at a certain time.

What if I decide I want to move?

Most lenders will allow you to port your current plan over to a new property, as long as the new property is suitable.
Not one glove fits all!
Don’t sit there wondering, reach out for a free consultation.

Let’s meet up and look at your options with no commitment.

Equity Release includes Lifetime Mortgages and Home Reversion plans. Whilst we can advise and arrange Lifetime Mortgages for you, we would refer to a specialist for Home Reversions – Later Life Lending fees may apply.

Later Life Freedom is a trading style of All You Need Mortgages Limited and is an appointed representative of HL Partnership Limited, which is authorised and regulated by the Finance Conduct Authority.

All You Need Mortgages Limited is registered in England and Wales with company number 10528031. Registered Office: 40 Meadow Crescent, Purdis Farm, Ipswich, England. IP3 8GD.

The guidance and/or information contained within this ... is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. 

A lifetime mortgage may impact your entitlement to means-tested benefits and the inheritance you may leave.
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