
Later Life Lending
Through Mortgage Advice Bureau Later Life, Northeast Mortgages Ltd are now able to support homeowners over the age of 55 unlock some of the value in your home. We’re here to help you decide if equity release could improve your retirement finances. After years of working hard to make monthly repayments, your home is likely to be your biggest asset, particularly if you have benefited from an increase in house prices over the last few decades. The value of your home, minus any outstanding mortgage and any other loans secured against it, is referred to as equity.
Equity is often passed on as inheritance, however an increasing number of people are tapping into some of this wealth to help boost their retirement finances. It's not suitable for everyone, which is why it's important to get advice with one of our expert equity release advisers before you make a decision, whether that’s taking advantage of some of your property’s value through equity release or not. Mortgage Advice Bureau Later Life offer lifetime mortgage products, the most popular type of equity release, from a carefully selected panel of providers.
We will explain the ins and outs of equity release and answer any questions you have, so you can feel confident that any decision you make is the right one for you and your circumstances. We are here to make sure you have all the facts and understand your options before you decide to go ahead.

Equity Release
Lifetime mortgages
With these plans, you can choose between a Lump Sum or Drawdown Lifetime mortgage. There are typically no monthly repayments for you to make with a lifetime mortgage, as the loan, plus roll-up interest (also known as compound interest), is repaid when the plan ends. That’s usually when the last remaining applicant either passes away or enters long term residential care. You can find out more information via the link below.
Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers.
Mortgage Advice Bureau Later Life offer lifetime mortgages only which is a loan secured against your home.
Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits.
Unless you decide to go ahead, our service is completely free of charge, as our fixed advice fee of £1,295 is only payable on completion of a plan.

Equity Release Calculator
Our equity release calculator will tell you if you’re eligible for equity release and let you know how much you may be able to release.
Useful Links
What is Equity Release?
Mortgage Advice Bureau Later Life
If What is Equity Release is not right for you.
Get the facts about equity release from our frequently asked questions. Need more advice? Get in touch with one of our Mortgage Advice Bureau Later Life advisers today.
For more about what we do visit the MAB Facebook Page. You can also get in touch there.
If you find that Equity Release with Mortgage Advice Bureau Later Life is not right for you, our experienced CARA Mortgage Advisers can discuss a few more mortgage options for you such as:
Retirement interest only mortgages
A retirement interest only mortgage (RIO) allows you to pay off the interest on the amount borrowed, without reducing the original amount (capital) you have borrowed. The loan is typically repaid when the plan comes to an end, usually when you (or the last remaining applicant) either sell the property, pass away or move into long term residential care. RIOs are typically available to people over the age of 55 who have retired.
Later life residential mortgages
Later life residential mortgages can be used to buy a new property, remortgage an existing one, or release additional funds. It can be on a capital repayment or interest only basis.
A mortgage is a loan secured against your home and your home may be repossessed if you do not keep up repayments on your mortgage.
Because we play by the book, we want to tell you that...
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.