Are You Over 60? Release Money From Your Home

A Lifetime Loan allows people over 60 to release value from their home, at an interest rate fixed for the duration of the loan.

Note: You still own your home. The borrower continues to own their home, and the loan becomes repayable when the property is sold or within 12 months of the borrower’s death.

Note: You still own your home. The borrower continues to own their home, and the loan becomes repayable when the property is sold or within 12 months of the borrower’s death.

Legal Warnings

The following warnings contain important & useful information so please read them carefully.

For Lifetime Loans:

  • WARNING: WHILE NO INTEREST IS PAYABLE DURING THE PERIOD OF THE MORTGAGE, THE INTEREST IS COMPOUNDED ON A MONTHLY BASIS & IS PAYABLE IN FULL IN CIRCUMSTANCES SUCH AS DEATH, PERMANENT VACATION OF OR SALE OF THE PROPERTY.
  • WARNING: PURCHASING THIS PRODUCT MAY NEGATIVELY IMPACT ON YOUR ABILITY TO FUND FUTURE NEEDS.
  • WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
  • WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.

If your Lifetime Loan is being used for debt consolidation purposes:

  • WARNING: THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN YOUR PREVIOUS LOANS. THIS MEANS THAT YOU MAY PAY MORE THAN IF YOU PAID OVER A SHORTER TERM.

What is an Equity Release / Life-Time Loan Scheme?

If you own your home and equity release or lifetime loan scheme allows you to release some money from your home without having to make payments during your lifetime, sell your home or move and rent it out for extra income.

How Does Someone Qualify?
  • You must own your home
  • You must be over the age of 60.
  • Your property is worth at least €250,000 if located in Dublin or €175,000 elsewhere in Ireland.

For more information complete the ‘contact us now’ detail at the bottom of this page.

Ready to get started?

CONTACT US NOW

What Our Customers Are Saying

I had an interest only Ulster Bank tracker which expired and the loan was being sold to a vulture fund so I was worried I might lose my home. I could pay the interest only amount, but due to my advanced age had no way to repay the capital on the loan. I also had decent equity in my house, but didn’t want to trade down. I contacted First Choice / Mortgage ABC who introduced the concept of the ‘lifetime loan’ to me and negotiated a debt discount with the bank to ensure the deal could be done. Paul Kerr took me through the process from start to finish and I now have security of tenure in my own home, and a lifetime loan from Spry Finance which has dealt with the Ulster Bank debt issue. Pat H – Dublin

Legal Warnings

The following warnings contain important & useful information so please read them carefully.

For Lifetime Loans:

  • WARNING: WHILE NO INTEREST IS PAYABLE DURING THE PERIOD OF THE MORTGAGE, THE INTEREST IS COMPOUNDED ON A MONTHLY BASIS & IS PAYABLE IN FULL IN CIRCUMSTANCES SUCH AS DEATH, PERMANENT VACATION OF OR SALE OF THE PROPERTY.
  • WARNING: PURCHASING THIS PRODUCT MAY NEGATIVELY IMPACT ON YOUR ABILITY TO FUND FUTURE NEEDS.
  • WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
  • WARNING: YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.

If your Lifetime Loan is being used for debt consolidation purposes:

  • WARNING: THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN YOUR PREVIOUS LOANS. THIS MEANS THAT YOU MAY PAY MORE THAN IF YOU PAID OVER A SHORTER TERM.