Providing Holistic & Personalised
Later Life Mortgage Advice for Borrowers over 50
Interest-Only Mortgage Maturity? Stay in your home and secure a long-term solution that works for you.
Lack of Funds in Retirement? Boost your income and enjoy financial freedom securely and confidently.
Want to Help Family onto the Property Ladder? Support your family without compromising your future.
Looking to Enhance Your Lifestyle? Upgrade your home, enjoy hobbies, and live more comfortably.
Need Support with In-Home Care Costs? Access funds to stay independent and receive the care you need.
WHO AM I & HOW CAN I HELP YOU?
"Later life lending isn’t just about borrowing—it’s about making the most of what you’ve worked for. Whether it’s staying in the home you love, boosting your retirement income, or helping family when they need it, the right mortgage can give you options without unnecessary financial stress."
Hi, I'm Mike, an award-winning adviser providing holistic later life mortgage advice to help homeowners over the age of 50 secure financial freedom.
When it comes to mortgages—especially for those over 50—blending in just doesn’t cut it. You need someone who stands out. It’s not about choosing just any adviser, but the right one.
I have extensive experience in later life mortgage advice, from equity release to retirement interest-only mortgages. My goal is to help you make informed financial decisions that support your future.
Without the right adviser, many over-50s miss out on opportunities, struggle to secure the right deal, or end up with unsuitable products. But it’s not just about getting a mortgage—it’s about building long-term financial security.
WHY WORK WITH ME?
Committed to Doing What’s Right for You
I’m not tied to a corporate agenda—I work for you, not the lenders. My only priority is finding the best solution for your needs, with no bias or sales pressure.
Your Interests Come First—Always
Whether it’s equity release, retirement interest-only, or another later life lending option, I explore the whole market to find what’s genuinely best for you.
Clear, Honest Advice
If borrowing less—or not at all—is the best option for you, that’s exactly what I’ll recommend. I’ll also explore non-borrowing alternatives where practical, ensuring you make the right financial decision for your future.
A Simple, Stress-Free Process
I handle the heavy lifting so you don’t have to. From paperwork to lender communication, I make the process as smooth and hassle-free as possible.
Regular Updates, No Chasing Needed
You’ll never be left wondering what’s happening. I keep you informed every step of the way, ensuring you feel confident and in control.
If you're over 50 and looking for the right mortgage solution, let’s talk. I provide honest, unbiased later life mortgage advice, ensuring you get the best outcome for your needs—whether that means borrowing or exploring alternatives. My goal is to make the process simple, stress-free, and in your best interests. Book a free, 10 minute discovery call with me to learn how I can help you!
THIS IS WHAT MY CLIENTS SAY ABOUT ME
"Keep up the excellent work!" - M. Trethowan
Mewstone were recommended to us via a friend. Mike was so helpful, professional, and always on the end of a phone when needed. Our transaction was completed flawlessly.
"Excellent care through the lifetime mortgage process." - J. Owers
Mike Jones gave us some excellent care and helped us through the process of obtaining a lifetime mortgage. We can only express our thanks and satisfaction.
"Mike Jones is just one in a million." - S. Clark
Mike Jones is just one in a million. I have nothing but great respect for him. He has gone that extra mile on every occasion. Thank you, Mike.
"Fantastic from start to finish." - N. Williams
We came to him with a more complex situation than normal, in a time when the financial world is in turmoil. Mike navigated us through this, while complications were thrown at us, he found a way to overcome them.
"Would recommend him without hesitation." -
C. Burton
What we thought would be a long and complicated process was made very simple and stress-free. This was entirely down to Mike Jones, who provided an excellent service every step of the way. Professional, friendly, easy to deal with.
"Thoroughly recommended." - E. Brown
Time taken to establish exact needs, due to specialist requirements, and options to suit for us to consider. Clear communication. Someone always available to answer queries. We are looking forward to our next home ownership.
UNLOCK FREEDOM IN LATER LIFE
READ MY FREE GUIDE TO YOUR OPTIONS
Your home is more than just bricks and mortar—it’s a valuable asset that could help you enjoy a more comfortable retirement. But with so many later-life lending options available, how do you know what’s right for you?
My comprehensive, unbiased guide walks you through everything you need to know about Lifetime Mortgages, Retirement Interest-Only Mortgages (RIOs), and standard mortgage options for older borrowers. Whether you’re looking to supplement your income, fund home improvements, or support your loved ones, this guide will help you explore your options with confidence.
Inside, you’ll Discover:
✅ How later-life lending works and what it means for you
✅ The pros, cons, and costs of different options
✅ How borrowing could impact your estate and inheritance
✅ Alternative financial solutions to consider
✅ Key questions to ask before making a decision
With clear, jargon-free explanations and no product bias, this guide is designed to empower you to make informed choices about your financial future.
ENTER YOUR DETAILS FOR
YOUR FREE GUIDE HERE!
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LEARN MORE ABOUT EQUITY RELEASE
IN 10 EASY TO FOLLOW STEPS
Releasing equity through a lifetime mortgage is a journey that requires thoughtful consideration and careful planning. By following these steps, you can approach the process with confidence, knowing that you’re making an informed decision that aligns with your long-term goals. And remember, your advisor is there to guide you every step of the way, ensuring that the choices you make are the right ones for you.
If you're over 50 and looking for the right mortgage solution, let’s talk. I provide honest, unbiased later life mortgage advice, ensuring you get the best outcome for your needs—whether that means borrowing or exploring alternatives. My goal is to make the process simple, stress-free, and in your best interests. Book a free, 10 minute discovery call with me to learn how I can help you!
Frequently Asked Questions
What is equity release?
Equity release allows homeowners aged 55+ to unlock some of their home’s value while continuing to live in it.
Who is eligible for equity release?
Generally, you must be 55 or older and own a property that meets the lender’s criteria.
How much equity can I release?
The amount depends on your age, property value, and lender criteria—typically 20% to 60% of your home’s value.
Will I still own my home with equity release?
Yes, with a Lifetime Mortgage, you remain the legal owner of your home.
How is equity release repaid?
The loan, plus any unserviced interest, is repaid when you pass away or move into long-term care, usually through the sale of the property.
Do I have to make monthly repayments?
No, repayments aren’t required, though some plans allow voluntary payments to reduce or prevent interest from accruing.
Are equity release interest rates fixed?
Yes, equity release interest rates are fixed for life, ensuring predictability and stability.
Does interest accrue on a Lifetime Mortgage?
Interest only accrues if repayments are not made. If you choose to make voluntary payments, you can prevent or reduce interest build-up.
What happens if my home’s value decreases?
If your plan includes a No Negative Equity Guarantee, you or your estate will never owe more than the home’s value.
Can I move house if I have equity release?
Yes, if your new property meets the lender’s criteria. Some plans allow you to transfer (or “port”) your loan.
Will equity release affect my state benefits?
Possibly. If you receive means-tested benefits, a lump sum could impact eligibility. Seek financial advice before applying.
Can I use equity release to clear an existing mortgage?
Yes, many homeowners use it to pay off an outstanding mortgage and free up cash flow.
Can I pay off an equity release loan early?
Yes, but some plans have early repayment charges. Check the terms with your provider.
How does compound interest work with equity release?
If no repayments are made, interest compounds over time. However, many plans allow you to make payments to reduce or prevent interest from rolling up.
Will equity release affect my inheritance?
Yes, releasing equity can reduce the value of your estate. Some plans allow you to protect a portion of your home’s value for inheritance.
Can I take out equity release jointly with my partner?
Yes, and the loan remains in place until the last borrower passes away or moves into care.
How long does the equity release process take?
The full process typically takes 6 to 8 weeks, depending on valuations and legal work.
Are there any risks with equity release?
Equity release is designed to be a long-term financial solution. It's important to consider factors like inheritance, interest accumulation (if unserviced), and potential early repayment charges.
Do I need financial advice before applying?
Yes, it's a legal requirement to get specialist equity release advice before proceeding.
Can I use equity release to help my family?
Yes, many homeowners use it for gifted deposits, education fees, or financial support for loved ones.
Are there any fees for equity release?
Yes, typically initial advice and the valuation is free, however, you may have application, completion and legal fees to pay.
What happens if I live longer than expected?
You can remain in your home for life, and the loan is only repaid when you pass away or move into care.
Can I switch equity release providers?
Yes, but switching depends on early repayment charges and whether a better deal is available.
Can I use equity release for home improvements?
Yes, many people use equity release to fund renovations, making their home more comfortable in later life.
What is a RIO mortgage?
A Retirement Interest-Only (RIO) mortgage is a loan where you only pay the interest each month, with the capital repaid when you pass away or move into care.
How does a RIO mortgage differ from equity release?
RIO mortgages require monthly interest payments, while equity release allows interest to roll up if unserviced.
Who can apply for a RIO mortgage?
Typically, homeowners aged 50+ with a steady retirement income.
How is a RIO mortgage repaid?
The outstanding loan is repaid when the borrower sells the home, moves into care, or passes away.
Are RIO mortgages regulated?
Yes, they are regulated by the Financial Conduct Authority (FCA).
Can I use a RIO mortgage to pay off my existing mortgage?
Yes, many borrowers use it to replace an existing interest-only mortgage.
What income is considered for a RIO mortgage?
Lenders assess pension income, savings, investments, and other retirement earnings as well as any current employment income.
What happens if I miss a payment on a RIO mortgage?
Missed payments may lead to repossession, unlike equity release, which has no required repayments.
Can I overpay on a RIO mortgage?
Some lenders allow overpayments, helping reduce the loan balance.
What is a later life mortgage?
Any mortgage designed for older borrowers, including RIO, equity release, and standard retirement-friendly loans.
Are later life mortgages flexible?
Yes, some allow overpayments, payment holidays, or interest-only options.
Can I use a later life mortgage to release equity?
Yes, certain products allow cash release while keeping repayments manageable.
Can I move home with a later life mortgage?
Yes, as long as the new property meets the lender’s criteria.
Are later life mortgages regulated?
Yes, they are regulated by the FCA, ensuring consumer protections.
What are the typical costs involved in later life lending?
Fees can include arrangement fees, legal fees, and property valuation charges.
Should I get financial advice before applying?
Yes, always seek specialist mortgage advice before proceeding.
Mewstone Mortgage Advice LTD (FCA ref 947355) is an appointed representative of New Leaf Distribution LTD (FCA ref 460421) which is authorised and regulated by the financial conduct authority (FCA).
New Leaf Head Office Garfield House, 165-167 High St, Rayleigh SS6 7QA. Co registration Number 5520001.
Mewstone Mortgage Advice LTD Head Office: 22 Barton Brake, Wembury, Plymouth, Devon PL9 0BJ Co registration Number 12959322
Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it. Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority. Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.
Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefit.