Retirement Advantage offers something a little more unique when compared to the general insurance and mortgage providers. They specialise in financial products for customers of a retirement age and one of their flagship products is lifetime mortgages.
Their range of lifetime mortgages has all the features and benefits you should demand, and then some. You have the facility available to have a large lump sum, or to have a cash reserve facility in place to access cash, to a fixed amount, as and when you need it.
Additionally, you have the flexibility to move home, to repay the mortgage early and to have guarantees in place, such as an inheritance guarantee and a negative equity guarantee. These are the kinds of benefits that allow customers to have the peace of mind and feel that they control their life, not that it’s controlled by their mortgage.
Retirement Advantage can trace their history back to 1852. They started life as The Marine and General Mutual Life Assurance Society, also known as MGM Assurance. They started as life insurance for sailors during a time when water was considered a toxic element and teetotal sailors were made to pay a premium.