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Second Home Lifetime Mortgages - enables people with second homes for their own use to release equity instead of, or in addition to, using their principal residence. As with all of our other lifetime mortgages, these products are regulated and is SHIP compliant.
The Second Home Lifetime Mortgage allows you to use your second
home as security for a payment-free loan, which you can use any
way you wish. Your second home can, for instance, be a holiday home
used by you as a residence for some part of the year or sometimes be
occupied by members of your family or third parties.
It provides a cash lump sum combined with a lifetime fixed interest
rate, which will not change throughout the term of the loan.
The interest rate will normally be higher than for lifetime
mortgages secured on your main residence.
For more information please contact us: 0800 9800033
equityrelease@warwickfs.co.uk
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