Lifetime Mortgages & Equity Release in Abbey Wood

Later-life lending information for homeowners in Abbey Wood, Thamesmead and SE2 / SE28.

The arrival of the Elizabeth Line has boosted property values in Abbey Wood and Thamesmead, leaving many long-term owners asset-rich but sometimes cash-poor in retirement. Equity release or lifetime mortgages are one way to unlock some of that value – but they’re not suitable for everyone.

We help explain the options and, where appropriate, introduce you to FCA-authorised equity release advisers for detailed, regulated advice.

What Can Equity Release Be Used For?

• Topping up pension income.
• Home improvements or adaptations.
• Helping family with deposits or major costs.
• Clearing older borrowing that is difficult to refinance via standard routes.

Lifetime Mortgages – Key Features

• Normally available to homeowners aged 55+.
• Secured on your home; you usually retain ownership.
• Interest typically rolls up, increasing the amount you owe over time.
• Repaid from the sale of the property when you die or go into long-term care.

Risks & Considerations

• Inheritance impact: The more you borrow (and the longer the plan runs), the less is likely to be left for beneficiaries.
• Benefit impact: Cash in the bank may reduce entitlement to means-tested benefits.
• Costs: Charges and interest can be significant over time.
• Alternatives: Downsizing, using savings or family support may be better in some situations.

Our Role

1. Initial discussion: Understand your priorities and what you’re trying to achieve.
2. Information: Explain broadly how equity release and lifetime mortgages work.
3. Introduction: Arrange a referral to an FCA-authorised equity release adviser if you wish to explore further.

FCA & Advice Disclaimer

We are not authorised to provide regulated advice on equity release. Lifetime mortgages and home reversion plans are regulated products that must be advised upon by an FCA-authorised adviser. We provide information only and arrange introductions where appropriate.

Useful Links

Pension Review · Later-Life Mortgages · Standard Remortgages · Contact Us

Equity Release FAQs — Abbey Wood

Will equity release affect my council tax or state pension?

Equity release can affect means-tested benefits, but not all state pensions are means-tested. A regulated adviser will go through the details based on your situation.

Considering Equity Release in SE2 / SE28?

If you’re a homeowner in Abbey Wood or Thamesmead, get in touch to discuss your later-life lending options.