Later Life Lending

As part of the CARA family, Cara Finance Group trading as Mortgage Advice Bureau Later Life are now able to support homeowners over the age of 55 unlock some of the value in your home. We’re here to help you decide if equity release could improve your retirement finances. After years of working hard to make monthly repayments, your home is likely to be your biggest asset, particularly if you have benefited from an increase in house prices over the last few decades. The value of your home, minus any outstanding mortgage and any other loans secured against it, is referred to as equity.

Equity is often passed on as inheritance, however an increasing number of people are tapping into some of this wealth to help boost their retirement finances. It's not suitable for everyone, which is why it's important to get advice with one of our expert equity release advisers before you make a decision, whether that’s taking advantage of some of your property’s value through equity release or not. Mortgage Advice Bureau Later Life offer lifetime mortgage products, the most popular type of equity release, from a carefully selected panel of providers.

We will explain the ins and outs of equity release and answer any questions you have, so you can feel confident that any decision you make is the right one for you and your circumstances. We are here to make sure you have all the facts and understand your options before you decide to go ahead.

Mortgage Advice Bureau Later Life offer lifetime mortgage products from a carefully selected panel of providers. Mortgage Advice Bureau Later Life offer lifetime mortgages only which is a loan secured against your home. Equity release will reduce the value of your estate and may affect your entitlement to means tested benefits. Unless you decide to go ahead, our service is completely free of charge, as our fixed advice fee of £1,295 is only payable on completion of a plan.