Lifetime Mortgages (55+)

Unlock the Value of Your Home in Retirement

Your home isn’t just where you live—it’s likely your biggest financial asset. That’s why we offer expert, fee-free advice to help you explore how you can release some of that value later in life, without the stress or confusion.

We specialise in two main options: Lifetime Mortgages and Retirement Interest-Only (RIO) Mortgages. Both can help you access funds without selling your home—but which one is right for you will depend on your personal goals and circumstances.

What is a Lifetime Mortgage?

A Lifetime Mortgage is a type of equity release available to homeowners aged 55 and over. It allows you to release a lump sum or access flexible cash over time, secured against your home. You retain full ownership, and the loan (plus interest) is repaid when you pass away or move into long-term care.

You can choose to make no monthly repayments, or make voluntary payments to manage the interest.

People often use Lifetime Mortgages to:

• Make home improvements or adaptations
• Gift money to family members
• Clear existing debts or mortgages
• Boost retirement income
• Fund travel or big life plans

‍What is a Retirement Interest-Only (RIO) Mortgage?

A Retirement Interest-Only (RIO) Mortgage is another later-life borrowing option. Unlike Lifetime Mortgages, with a RIO you do make monthly interest payments—but you only repay the capital when you die or move into long-term care.

RIO mortgages are typically suited to those:

• Who have reliable pension income to cover monthly interest payments
• Who want to protect more of their home's value for their loved ones
• Who are looking to remortgage in retirement

Why Speak to Chetwood Lloyd?

We’re an independent, fee-free, FCA-regulated mortgage advisory firm. We are fully qualified, friendly, and always act in your best interest. Whether you’re curious about borrowing in later life or already know what you need, we’ll guide you through your options with clarity and care.
We take time to understand your full financial picture, and explain everything in plain English—so you can make a confident, informed decision.

Let’s Talk

Thinking about a Lifetime Mortgage or RIO Mortgage? We’re happy to answer your questions, no pressure or jargon. Book a chat with one of our advisers today by clicking the button below

Equity Release may involve a Lifetime Mortgage which is secured against your home. To understand the features and risks, ask for a personalised illustration. Chetwood Lloyd Mortgages Ltd is authorised and regulated by the Financial Conduct Authority. Our FCA number is 930774.

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