More2life are an award winning, UK based retirement lending specialists, chiefly with lifetime mortgages. At Equity Release Scotland, we have a lot of time for More2life, they offer tailored and transparent lifetime mortgages that allow homeowners to have some financial flexibility later on in life when perhaps other options are no longer open to them.
The very nature of a mortgage means that over the years you are paying off your mortgage, you are also building equity. An asset that has real value. In other cases, you’d have to sell that asset to access the equity it has, and that used to be the case with your home, but now you are able to release some of that equity without having to sell or lose your home.
With companies such as More2life, homeowners are now able to access that equity with their lifetime mortgage that allows them to support themselves financially, enjoy their retirement to the full, or deal with any crisis that happens without having to downsize, sell their home or take in a lodger or two. It allows for independence and a feeling of control without burdening you with any more debt.
Equity Release in Scotland is becoming increasingly popular as homeowners understand exactly what’s on offer and More2life play a large part in that change in perception. When you release equity, there are no monthly repayments to make, no added stress or financial pressure added to your monthly costs.
Instead of having repayments, like you would with a traditional loan, the loan and interest build up over the lifetime of the mortgage, and is paid when the property is eventually sold, which will happen when the homeowner(s) wither, go into long term care or pass away.
Why shouldn’t you enjoy the fruits of your labours or stress about your finances when you have all this equity on your home? With the award winning More2life, they’ll walk you through the process, in an easy to understand and transparent way, so you can see if it’s the right option for you .