Lifetime Mortgages

One of our areas of expertise here at Mike Oliver Associates is our Lifetime Mortgage advice.

Mike Oliver Associates is an award winning team of independent Financial Advisors with 20 years of experience in supporting the local community. We pride ourselves on providing you peace of mind in the development of strategies intended to fulfil your individual financial goals.

We always put you and your needs first, making sure we offer you a suitable solution to your financial requirements. So whether you require advice on Mortgages, pensions, savings and investments or a more bespoke, tailored wealth management solution, we can support you in your financial journey.


Mike Oliver

Mike Oliver

Lifetime Mortgages Specialist

What is a Lifetime Mortgage?

A lifetime mortgage is a form of equity release loan that is backed by your property and allows you to release tax-free cash without having to sell it. The typical amount you can borrow is usually between 18 per cent and 50 per cent of the property’s total value. Usually, the older you are, the more you are able to borrow.

Homeowners from over age of 55 can get a lifetime mortgage. You have the option of receiving the funds in one single payment or in a series of instalments. You don’t have to make any payments until you die or enter into long-term care.

The amount you owe will grow with interest, but you can often minimise it by paying off the interest as you go (this is known as a ‘interest paying mortgage’). You’ll have a ‘interest roll-up mortgage’ if you don’t pay off the interest as you go. Because the interest will compound over time, you will end up paying more altogether. This is something that our advisors can help you to understand on a case by case basis.

Why you might use a Lifetime Mortgage?

A lifetime mortgage could be beneficial if:


  • You want to pay off an existing mortgage.
  • Make home modifications.
  • Give money to a family member.

“Mike made discussing a Lifetime Mortgage extremely clear and easy to understand. He took his time to explain, and help both myself and my Grandmother (the client) understand the pros and cons of the lifetime mortgage solution.”

Mr R Thompson, Haywards Heath

Are there different types of Lifetime Mortgage?

We offer a series of different Lifetime mortgages including a Flexible Lifetime Mortgage or Optional Payment Lifetime Mortgage.

Every individual has different needs and we are here to help. Get in touch with Mike Oliver, our Lifetime Mortgage specialist to discuss it further.

Am I eligible for a Lifetime Mortgage?

To be eligible for one of our lifetime mortgages, you must meet the following criteria:

  • You must be at least 55 years old.
  • You must own (or be in the process of purchasing) your own house, with little or no remaining debt.
  • Depending on the type of property, your home must be worth at least £70,000 or £100,000.

As with the majority of Financial products there are Pros and Cons depending on your own criteria which can sometimes be tough to figure out. IF you need support in understanding the pros and cons of a lifetime mortgage, then drop us an email, or give us a call. 

In Summary

Taking out a lifetime mortgage is a significant decision that will affect the value of your estate. We understand this and invite you to speak with us about it. If you want to, you can share it with family or a close friend and you may include them them throughout the process as much or as little as you want. 

We are ready so support you with the application process and support you until you complete on your lifetime mortgage and receive the money. 

To hear more about the process, and how we go about securing a life time mortgage drop us a message through the from below, and we will be in touch shortly. 





Mike Oliver Associates is a close-knit team of financial advisers and administrators who are dedicated to delivering a first-class, personal service to our clients.

We love to hear from talented, skilled and motivated individuals, and welcome you to send us your CV and covering letter to:

Get in touch

Spencer House
Mill Green Business Estate
Haywards Heath, West Sussex RH16 1XQ
Tel: 01444 449222


Privacy Policy
  • Mike Oliver Associates is authorised and regulated by the Financial Conduct Authority
  • The Financial Conduct Authority does not regulate taxation advice and trust advice, will writing  or some aspects of buy to let mortgages
  • We are entered on the Financial Services Register No 646955 at
  • The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK
  • As the FCA want to raise consumers’ awareness of the information that is available to them we suggest that you provide a link from your website to the FCA’s consumer website “The Money Advice Service”:
  • If you have a complaint or dispute with us, you are entitled to make a complaint. We have a complaints procedure that is available on request. If you wish to register a complaint, please contact us either in writing, by telephone or email.Please be assured we treat complaints seriously. For your protection if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service ('FOS').  Please see the following link for further details:
Terms & Conditions

The guidance and/or advice contained within the Mike Oliver Associates website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

The Financial Ombudsman Service is able to assist you if you have a complaint or dispute with us which we are unable to resolve to your satisfaction. Please see the following link for further details:

The Financial Conduct Authority does not regulate taxation & trust advice, will writing, some aspects of commercial mortgages, buy to let mortgages, finance and secured loans. We are entered on the Financial Services Register No 646955 at and further information can be found on the FCA’s consumer website ‘The Money Advice Service’

We are members of the National Association of Commercial Finance Brokers (NACFB)

The Financial Conduct Authority FCA 11 Principles of Business fashion the code of conduct for our industry. If we advise you on your assets, we assume a joint responsibility with you to safeguard them in any eventuality. Under Principle 10, as Financial Advisers, we are morally and legally obliged to protect the assets of our clients.

As Financial Advisers, we maintain the highest standards of ethics.  To that end, we have devoted our time and efforts to producing a charging structure that is fair across all our business areas. We are pleased to support FCA Principle 6, ‘Treating Customers Fairly’. Your home or property may be repossessed if you do not keep up repayments on your mortgage. For mortgages we charge a fee of at least £600.  We will also be paid a procuration fee from the mortgage provider if one is available.