If you are thinking about releasing equity from your home through a lifetime mortgage, one of your first questions may be whether these products are properly regulated.
The answer is yes, lifetime mortgages in Halifax are subject to strict rules designed to protect you as a consumer. As a mortgage broker in Halifax, we help homeowners understand how this works and what it means for their peace of mind.
What does FCA regulation involve?
All lifetime mortgages are regulated by the Financial Conduct Authority (FCA). This means that lenders and advisers must follow clear rules when offering these products.
FCA regulation ensures that you are treated fairly and that the risks and features of a lifetime mortgage are fully explained. You should never feel pressured into taking out a product that is not right for you.
In addition to FCA regulation, many lenders offering lifetime mortgages in Halifax are members of the Equity Release Council. This gives you added protections, such as the no negative equity guarantee.
Can you still get a mortgage if you’re over 50?
Yes, many lenders now offer flexible options for borrowers aged 50 and above. Age 50+ mortgages can include lifetime mortgages, standard mortgages, and other tailored products.
Whether you are looking to release equity or simply secure a new mortgage in later life, there are solutions available. Speaking with one of our mortgage advisors in Halifax can help you find the option that fits your situation.
Does equity release affect inheritance?
Yes, taking out a lifetime mortgage will reduce the value of your estate, which means your loved ones will inherit less from your property.
That said, some lifetime mortgage products allow you to ring-fence a portion of your home’s value to pass on. It is important to weigh up the benefits of releasing funds today against the potential impact on inheritance.
Our mortgage advisors in Halifax can help you understand how different products work and what options are available to protect some of your estate if that is a priority for you.
Are There Repayment Options With A Lifetime Mortgage?
Many lifetime mortgages now offer flexible repayment options. You may choose to make voluntary payments to reduce the interest building over time, or you can let the interest roll up and be repaid when your property is eventually sold.
Having the ability to make payments can help you manage the long-term cost of the loan. Your mortgage advisor in Halifax can help you explore which products offer this flexibility.
Is Equity Release Always The Right Option?
Equity release advice in Halifax, can be a useful tool for many homeowners, but it is not always the right choice. You should consider all options carefully and understand how releasing equity will affect your finances and plans.
Alternatives such as downsizing or exploring other types of age 50+ mortgages may sometimes offer a better solution.
Speaking to an experienced mortgage advisor in Halifax is the best way to explore your options and make sure you fully understand what is involved before committing to any product.
Date Last Edited: June 9, 2025
