Lifetime & Equity Release Mortgages in Keston

Lifetime Mortgages & Equity Release in Keston

Later-life lending information for homeowners in Keston, Locksbottom and BR2. Homes in and around Keston, Locksbottom and Bromley have often grown significantly in value over the years. For some over-55 homeowners, a lifetime mortgage or equity release plan is one way of turning part of that value into cash, without selling up. These products aren’t right for everyone, which is why we focus on clear explanations and introducing you to FCA-authorised advisers for regulated advice.

What Is Equity Release?

Equity release generally describes products that allow older homeowners to access some of the value tied up in their home, typically:
  • Without having to move house.
  • With the loan usually repaid when you die or go into long-term care.
  • On the basis that interest is often added to the loan (unless you choose to pay it).

Common Reasons for Considering It

  • Home and garden improvements.
  • Supporting children or grandchildren with major milestones.
  • Clearing an existing mortgage approaching the end of its term.
  • Supplementing retirement income to improve quality of life.

Key Pros & Cons to Discuss

Potential Benefits

  • Access to tax-free cash tied up in your home.
  • No mandatory monthly payments on many plans.
  • Options to protect a percentage of the property for inheritance (product-dependent).

Key Risks

  • Interest can roll up, significantly increasing the amount owed.
  • Reduced value of your estate and inheritance.
  • Possible impact on means-tested benefits.
  • Early repayment charges if circumstances change.

Our Role

  1. Understand your aims: We talk about why you’re considering releasing equity and what alternatives might exist.
  2. Explain the basics: We outline how lifetime mortgages and similar products work in practice.
  3. Introduce an adviser: If you decide to explore further, we’ll introduce you to an FCA-authorised later-life specialist.
  4. Advice & recommendation: They will provide tailored, regulated advice and only recommend a product if it’s in your best interests.

FCA & Advice Disclaimer

We do not provide regulated equity release advice. Lifetime mortgages and home reversion plans are regulated by the FCA and can only be recommended by an authorised adviser. Our job is to provide clear information and help you access that advice.

Useful Links

Pension Review & Retirement Planning · Standard Remortgages · Later-Life Mortgages · Contact Us

Equity Release FAQs — Keston

Do I need to have paid my mortgage off completely?

Not necessarily. Some people use equity release to pay off an existing mortgage, but the new lender will factor this in. A regulated adviser will explain the implications.

Exploring Options in BR2?

If you live in Keston, Locksbottom or the wider BR2 area and want to understand later-life lending options, send us an enquiry.

🧮 Mortgage Calculator for Keston Buyers and Homeowners

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Mortgage Broker Ketson is an introducer service. We are not authorised or regulated by the Financial Conduct Authority and do not provide mortgage advice directly. All enquiries are handled by qualified, FCA-regulated mortgage advisers who offer tailored advice based on your individual needs.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.

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