Case Study –Lifetime Mortgage | Retiree

Value £1,100,000
Loan £99,000 + £262,000 in a drawdown reserve
LTV 32.8%
Rate 3.55% AER
Adviser - Stephen Savill

The Client

Our client was an incredible 106 years old, with early onset dementia, receiving round-the-clock domiciliary care. The client’s savings had been exhausted due to an extended lifespan and capital was required to cover ongoing care costs, along with completing some essential repairs to the property.