Making more of your home

Lifetime mortgages are a type of equity release we offer. With a secured loan, some of the money tied up in your home can be released so you can spend it on whatever you want. Our lifetime mortgages are available once you turn 55, and the loan and interest are eventually repaid when you die (or if you and your partner need long-term care together), subject to our terms and conditions.

By unlocking some of this value, or equity, you can fund future plans like loft conversions, extensions, house improvements, helping kids get on the property ladder, or even taking a once-in-a-lifetime holiday. We offer free consultations. Just 30 seconds are needed to book a time and date that suits your lifestyle.

Why choose us

  • Rated as excellent 4.98/5 on
  • 100% of reviewers recommend GHL Direct.

Equity release in 3 simple steps

Book a fee free call

You can schedule a fee free no obligation meeting with a lifetime mortgage advisor in less than 30 seconds

We'll call you back

We’ll give you a call, take some details and find out how much you could borrow and answer any questions you may have.

And guide you through

With a friendly, knowledgeable lifetime mortgage advisor by your side, we’ll help you every step of the way.


What is equity release

A lifetime mortgage is an equity release product. Put simply, equity is the value of your home minus any debts secured against it, such as a mortgage or other loans. An equity release product allows you to convert some of your home’s value into cash without having to sell and move out. For some people this can be a very effective way to raise money.

Lifetime mortgages are designed to last your whole life. Home equity loans allow you to borrow against the value of your home. You can pay this loan in stages or as a lump sum. As with any mortgage, interest is charged. You do not need to repay the loan or interest during the loan period.

If you pass away (or if you and your partner have a joint mortgage) or move into long-term care, the total amount is repaid from the sale of the property.

Your home is a very significant part of your life. With a lifetime mortgage, you retain ownership of your home. You secure a loan on your property to release value and the loan is in place for your lifetime – repaid when you (or you and your partner if a joint mortgage) pass away or move into long term care.

You need to be over 55 years old to be able to apply. The amount you can borrow will depend on several factors such as your age and the value of your home. You can choose to borrow a single lump sum, a smaller initial lump sum with further payments – which is known as ‘drawdown’ – or take a monthly cash amount.

A lifetime mortgage can be repaid in different ways. Usually, the interest charged on this Lifetime Mortgage is added to the total amount of the loan and is only repaid once your home is sold. This means you do not have to make any loan repayments or interest payments throughout the term of the mortgage.

equity release
of reviewers recommend GHL Direct

Making more of your home

A Lifetime Mortgage is a long-term commitment and will not be suitable for everyone, so it is important that you get financial advice before making this decision. As your lifetime mortgage advisor, we will guide you through the entire process and be there if you need us in the future.
  • What does an advisor do

    A GHL Direct lifetime mortgage advisor will advise and make a recommendation for you on a first charge mortgage after we have assessed your needs.

    You may request an illustration from us for any regulated mortgage contract we are able to offer you whenever we provide you with information specific to the amount you want to borrow following assessment of your needs and circumstances.

  • Whose products do we offer

    We can access a range of Lifetime Mortgages from 5 of the UK’s best-known providers shown in the list below:

    – Aviva
    – LV=
    – Canada Life
    – More2Life
    – Legal & General

    We do not advise on Home Reversion plans but can refer you to Key Retirement, who will be able to advise you.

  • Things to consider

    Before you apply for a Lifetime Mortgage it is important to consider if you have any other ways to raise the cash needed. Your adviser will be able to help you look at your options but here are a few to consider:

    • Do you have money in savings or investments that may be a better option to meet your needs?
    • Are you making the most of your pensions?
    • Have you considered moving to a smaller property?
    • Could you let out some or all of your property?
    • Do you qualify for benefits/grants?
    • Could your family and friends help?

  • How is a lifetime mortgage repaid?

    A Lifetime Mortgage is usually repaid from the sale of your property when you (or you and your partner if a joint mortgage) pass away or move into long term care. The amount that will need to be repaid will be based on the amount you have borrowed plus the interest owed. Once your home is sold, if there is any money left over it will be paid to you or your estate. However, your beneficiaries can alternatively choose to pay off the mortgage without selling the property.

  • How much can I release?

    The amount you can release depends on several factors including your age, health, property value and whether you are applying individually or in joint names. Your Financial Adviser can provide you with a personalised illustration showing the amount that you can release.

  • What can I use the loan for?

    There are many reasons why you might want to take out a Lifetime Mortgage. You may want to make home improvements, make the most of your retirement by travelling more, or use it to supplement your pension to top up your retirement income.

    You can use the loan to pay off an existing mortgage, loans or other debts. However, you need to think carefully about this as the accrued interest charged over the term of the mortgage could make this an expensive option.

    Whatever you need the money for, a Lifetime Mortgage could help you achieve your financial goals.

View our free guides for an easy to read introduction on the financial services we offer.
Lifetime Mortgage Guide

Get a quote

Making more of your home with a lifetime mortgage quote today
Speak to an expert

Rated as excellent

A Lifetime Mortgage is a long-term commitment and it is imperative that you take financial advice from a qualified financial advisor. Once we identify the right product and assuming you’re happy with our recommendation, we’ll work with you to complete the application forms and stay in touch throughout the process – and into the future.