Coventry Building Society – equity release

A lifetime mortgage is a long-term financial commitment, designed to be paid back when you die, move into long-term care or when your property is no longer your main residence.

You should always get proper advice before taking out a lifetime mortgage, as it is not right for everyone. Your advisor can discuss alternative options with you and will explain how a lifetime mortgage may affect your means-tested state benefits, your tax position and any future inheritance for your beneficiaries.

You must also get independent legal advice from a solicitor before taking out this type of mortgage.

To find out how much you could borrow with a Coventry equity release lifetime mortgage why not try our calculator? Alternatively call our specialist Advisors on 0845 7665522, or order an information pack to find out more.

Eligibility key facts

You must be aged 60 or over and a UK resident.
You must be living in the property you own, in England, Wales or mainland Scotland.
Your property must be worth more than £100,000.
You will need to clear any other mortgage or secured loans on your property.

Coventry Building Society is authorised and regulated by the Financial Services Authority (FSA reference no: 150892 www.fsa.gov.uk). The Society is a member of the Building Societies Association. We introduce only to the Norwich Union Marketing Group, members of which are authorised and regulated by the Financial Services Authority. This site is intended for UK residents only. Coventry Building Society. Registered Office: Economic House, PO Box 9, High Street, Coventry CV1 5QN.

Our telephone advisors are available: 8am to 8pm - Monday to Friday, 9am to 5pm - Saturday, 10am to 4pm - Sunday (Opening hours are subject to change on bank holidays). Calls cost 5p per minute, maximum for BT customers. Non-BT customers should contact their service provider as costs may vary. To maintain a quality service, we may monitor or record phone calls. Information correct as at 1st January 2008.