Hybrid Mortgages
Accessible Mortgages in Later Life Supported by the Structure of Standard Borrowing
Hybrid mortgages relieve pressure for later-life borrowers by offering a more flexible approach to borrowing in later life. A wide range of mortgage products are available, offering the opportunity to unlock the value in your home. But navigating these to find a solution that best meets your needs and circumstances can be overwhelming.
A later life mortgage adviser can guide you through the available options to help you to make an informed decision before committing to a later life mortgage option.
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Please note: To understand the features and risks, always obtain a personalised illustration.
What Is a Hybrid Mortgage?
A hybrid mortgage accommodates borrowers from the age of 50 who have income and can commit to payments of the full monthly interest, but who may wish to reduce their payments after retirement and spend their income elsewhere.
The loan starts as a standard mortgage, and at the borrower’s selected retirement age, or a maximum age of 75, they convert to a Lifetime mortgage, which allows flexible, voluntary payments.
Any unpaid interest is then added to the loan and rolls up, until the last borrower vacates the property and the loan, plus unpaid interest and charge, is repaid from its sale.
Consult with mortgage advisors to compare this option with other later-life lending solutions.
Trusted Advice. Meaningful Outcomes.
I was introduced to Stephen Savill through solicitors at Moore Barlow to discuss equity release. I found Stephen to be very professional in this field and easy to discuss personal matters with a great deal of confidence.
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Why Do Clients Choose Henry Dannell for Hybrid Mortgage Support
As proud members of the Equity Release Council, Henry Dannell specialises in guiding clients through later life options with patience and transparency.
You will gain access to an experienced later life mortgage advisor who takes the time to understand your situation and objectives to offer a flexible, tailored solution for your unique circumstances, supporting you with your initial release and also any future borrowing.
Be confident in your later life borrowing decisions with support from an FCA-regulated firm, with SOLLA-accredited advisors, who are committed to independent, personalised advice.
Our Insights
20 Things You Need to Know About Later Life Mortgages
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How You Can Achieve the Dream Retirement with a Later Life Mortgage
How can Later Life mortgages help you achieve the retirement you imagined? Research from the Office of National Statistics has shown that life expectancy in the UK has increased over the last 40 years. As such, the State Pension age has...
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How to Downsize Your Inheritance Tax Bill with a Later Life Mortgage
Why some over-60s take out a mortgage on a property they own outright Taking out a mortgage in later life to bypass Inheritance Tax (IHT) is an option that some over-60s may look to consider if appropriate to their situation.
Read More
20 Things You Need to Know About Later Life Mortgages
Download
How You Can Achieve the Dream Retirement with a Later Life Mortgage
How can Later Life mortgages help you achieve the retirement you imagined? Research from the Office of National Statistics has shown that life expectancy in the UK has increased over the last 40 years. As such, the State Pension age has...
Read More
How to Downsize Your Inheritance Tax Bill with a Later Life Mortgage
Why some over-60s take out a mortgage on a property they own outright Taking out a mortgage in later life to bypass Inheritance Tax (IHT) is an option that some over-60s may look to consider if appropriate to their situation.
Read MoreEquity Release CalculatorHow much equity can I release?
Calculate the amount of equity you can release and how much you will owe over your estimated term, if no voluntary payments are made. If your loan runs for a longer period, and you have not made any payments, the amount you owe will increase.
Please note: With the current ongoing changes to the financial markets, equity release amounts and interest rates are constantly changing. To discuss the latest plans and to understand the features and risks, always obtain a personalised illustration.
Ways to Support Retirement
Please note: To understand the features and risks, always obtain a personalised illustration.