Later-Life Mortgages For Over 50s
Take the stress out of later-life lending and enjoy life NOW… Your legal partner in later-life mortgages, providing clarity and confidence.
Work with a Financial Adviser
How to apply for later life lending
If you are considering later-ife lending (also known as Equity Release), your first step will be to talk with a Financial Adviser. Your Adviser will assess your financial situation and goals, and help you determine if equity release is right for your circumstances.
Find the right product
What you need to know
If equity release is right for your situation, your Adviser will help you find the best product for your needs.
With different types of lifetime mortgage products available, it is important to work with professionals, and that is why we have created a free Equity Release guide on what you need to know before releasing value from your home.
Get Equity Release legal advice
Our specialist solicitors are waiting to answer your questions about Equity Release.
Types of Lifetime Mortgage products
Equity Release Lifetime Mortgages
Lifetime mortgages are the most common type of equity release.
- Unlock cash for retirement purposes
- No repayments
- Continue living there
LIKE ACCESSING MONEY FROM A PIGGY BANK!
Find out more…
Home Reversion Equity Release Plans
Home Reversion Plans (“Revs”) are another option.
- Unlock cash from a part of your house
- No repayments
- Continue living there
LIKE ACCESSING MONEY BY SELLING A PART OF YOUR HOME
Find out more…
Interest-Only Lifetime Mortgages
Interest-only Mortgages provide other routes:
- Unlock cash for retirement purposes
- Repayments (set term or life)
- Continue living there.
LIKE ACCESSING MONEY FROM THE BANK
Find out more…
Happy homeowners with mortgages for over 50’s
Equity release mortgage completed in less than 2 months....
“Tivoli were on the ball from the get go and even came round my house to witness the signing of documents and delivering them the same day. With their help I had my equity release mortgage completed in less than 2 months [from first meeting with our Adviser to money in the bank]."
"THE most efficient and responsive solicitor I have ever come across. We were recommended to Ailsa to handle our Lifetime Mortgage, and I do not hesitate to recommend. We knew we were in the safest hands throughout."
“Thank you for all your help in making our Equity Release mortgage easy and straightforward. You made a point of dealing with all matters arising without delay, and I had every confidence in the professional way you approached it."
Appoint Tivoli Legal as your legal representatives
Tivoli Legal acts as your trusted partner for equity release services. Unlike some larger firms, we take a personalised approach to each case, and work with empathy, compassion, and care throughout. We have a 100% success rate in completing legal documentation in anticipated time scales. Find out other reasons our clients choose us. We have expertise in buying, selling and handling complex equity release cases.
DID YOU KNOW…
As a homeowner, it’s a mandatory legal requirement to have YOUR OWN solicitor for equity release, and it’s your choice who represents you…
Frequently asked questions
Is it possible to get a mortgage in your 50s?
Yes! Provided you meet the lender’s eligibility criteria, you can get a mortgage in your 50s.
Equity Release Lifetime Mortgages are the most common type of equity release. They are available to homeowners aged 55 and above. With this option, you retain full ownership, but you borrow against the value of your home. The loan accrues interest if you don’t make regular payments and is repaid from the sale of your home when you pass on or move into care.
Home Reversion Equity Release Plans enable you to unlock cash as a lump sum by selling part of your home at a discounted rate, plus a percentage of the sale proceeds, once your home is sold (either when you move into care or pass away). This option is available for people aged 55 and over.
Term Interest-Only (TIO) Mortgages are designed for people aged 50 and over. The loan has a fixed term, typically ranging from 10 to 15 years. TIO can be suitable if you have a steady income and can afford monthly interest payments.
What is the over-55 mortgage scheme?
Can a 54-year-old get a 25-year mortgage?
Yes, a 54-year-old can typically get a 25-year mortgage in the UK, but it depends on individual circumstances and lender criteria. While some lenders may have age-related restrictions, many are willing to offer mortgages to older borrowers, including those in their 50s, with standard 25-year terms. Talk to a Financial Adviser to find out more.
Can I get a 30-year mortgage at age 55 in the UK?
Yes, it’s possible to obtain a 30-year mortgage at the age of 55 in the UK, but this depends on your individual circumstances and the lender’s criteria. Lenders will assess your income and whether it’s sustainable for the next 30 years, potentially into your retirement. Speak to a Financial Adviser to find out more.
Examples of our work in action
Expert Equity Release Conveyancing for a Historically Significant 17th-Century Thatched Property
Navigating the complexities of non-standard construction with precision and expertiseBackgroundOur clients were seeking equity release on their beautiful, historically significant two-bedroom home, originally constructed in the late 17th century (circa 1697). The...
Correcting Land Registry Title Plan errors
What happens with Lifetime Mortgages when the Land Registry makes a mistake?BackgroundAccurate Land Registry records are the foundation of any property transaction. The Title Plan (an official map showing a property's boundaries, size, shape, and location) works...
Property Wealth to Fund and Achieve Early Retirement
Predicting lender requirements to achieve fast completionsBackgroundDuring a casual conversation with her hairdresser, Mrs A had an epiphany that she was working to supplement the couple’s income to enjoy life’s little luxuries: meals out, theatre and an overseas...
Saving a Vulnerable Client from Eviction in Just Two Weeks
How we prevented an eviction in record timeBackgroundAt Tivoli Legal, we were proud to support this case involving a vulnerable 79-year-old gentleman who was facing imminent eviction from his home of 25 years. With less than two weeks until the locks were due to be...
Empowering Generations Through Equity Release
Unlocking £2M to fund six grandchildren's private education from a £6M London propertyBackgroundA London couple owned their home since the late 1950s. The property value had grown to £6 million. They wanted to create opportunity and legacy for their family while they...
Using Equity Release to Help Family
“The greatest joy was seeing my grandchildren thrive in their new home – knowing I’d made it possible.” – Mrs C. The Challenge When Mrs C first came to Tivoli Legal, her love for her family was clear—and so was her dilemma. Living independently in her cherished...
Swift Equity Release Process – A Case Study in Efficient Legal Services
Mrs. V had been struggling with debilitating back pain for years. Frustrated by the NHS delays she decided to explore alternative options. This case study highlights the rapid Equity Release mortgage process that allowed her to swiftly book and undergo her life...
A Coastal Retirement Dream Realised
Our client approached us with a dream of retiring to a picturesque coastal property. He had already embarked on the journey of purchasing the property however, his path to this dream took an unexpected turn as he ventured into the realm of equity release mortgages....
A Complex Property Case Solved
Our clients had spent many wonderful years in their magnificent Georgian manor house nestled in the picturesque Brecon Beacons, where they raised their family. As the children grew and moved on, it became clear that their beloved home had become more spacious than...