​Considering a Lifetime Mortgage?

  • Have you tried extending your mortgage, but been told that you are too old?

  • Have you tried setting up a new mortgage, but been told that your income isn't enough?

  • Do you have an interest only mortgage that needs to be repaid soon? 

If you are over 55 then maybe a Lifetime Mortgage could be the answer.

We are frequently asked what a Lifetime Mortgage is.  The answer is quite easy, it is simply a loan that is secured against a property, just like any other mortgage.  It is one of the most popular forms of equity release mortgage.  

At Viva Retirement Solutions we believe that if we treat you as if you were a member of our own family – then you will receive the best possible advice, even if that means we advise you to do something that we don't offer.  We will guide your through the whole process and advise you if we believe a Lifetime Mortgage is right for you and if it is not.


So what makes a Lifetime Mortgage different to the more conventional mortgages that are available on the high street? Well, they are designed for property owners over the age of 55 and are designed to run for the rest of your life.


They can be set up for you to make full or reduced monthly interest payments, but depending on your circumstances, you may not want to make any monthly payments at all. You can even have the ability to make partial repayments without penalty (subject to the lenders Term & Conditions).

For our customers one of the most important aspects is that you get to remain in your home, whilst releasing much needed funds.


This is vastly different from high street mortgages that tell you exactly how much you need to pay a month, when it needs to be fully repaid and that they can repossess your property if your circumstances change and you start missing your monthly payments.​


There are no maximum age limits to some of the plans


Some providers of Lifetime Mortgages will assess how much they'll lend you based on criteria as simple as your age and the value of your property, not your income.


As its a Lifetime Mortgage, you don't have to worry about re-mortgaging again in the future as the lenders only ask to be repaid when you have died or had to go into long term care.

The amount you can borrow will depend on your property value (minimum £60,000) and your age (youngest has to be over 55). 


Every situation is different and so we can tailor our bespoke advice using many different types of Lifetime Mortgages to meet your specific situation.  Find out more about the different type of Lifetime Mortgages here.​

What Our Customers Say....

I was concerned about taking out equity release (lifetime mortgage), a friend had met Paul of Viva Retirement Solutions and suggested I phone him.  From our first meeting, I felt confident with Paul.  He has a fine balance of professionalism and a friendly manner.  He came to my home and met my daughter and son-in-law.  He talked to us explaining that what the process was and listened to our comments and concerns.  I decided to go ahead and release money from my property.  Now it is all completed and I am very pleased I did it and had Paul's guidance.  The whole process went very smoothly.  Thank you.

J Foley - 26/2/19

We found Viva to be very helpful and informative.

They got us the best deal for a fraction of the fee other brokers were charging. Overall I would recommend Viva.

(private) - 14/02/2018

I sent an initial enquiry to 4 companies, and had a response from Paul Saroya within an hour, which is why I decided to use Viva's services. I was acting in my power of attorney capacity, which made the process more complex, but Paul was very knowledgeable about how to proceed in this situation.

There were no delays and the process took just over 3 months from initial enquiry to completion. In short I had every confidence in Paul and found him to be extremely knowledgeable about the product he was selling and very professional in his dealings with me and others involved.


I would have no hesitation in recommending him to others looking for a Lifetime Mortgage.

(private) - 02/05/2018 

See more testimonials here



A lifetime mortgage is a long term commitment which could accumulate interest and is secured against your home.   

Equity release is not right for everyone and may reduce the value of your estate

Equity Release Council

Our fee for arranging a Lifetime mortgage is £750 payable only on completion. 

Research has shown that some companies charge over £1,500 or 1.95% of the loan, whatever is greater, for this service including a letter of suitability. 

Viva Retirement Solutions is a trading name of Viva Retirement Ltd and is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is regulated by the Financial Conduct Authority.

Registered Office: 4 Severnvale, London Colney, St Albans, Herts, AL2 1TE

Registered Company Number: 10756078 Registered in England & Wales

© 2020 Viva Retirement Solutions