Divorce Mortgages 

A popular financial remedy and growing trend for later life divorcees (also known as 'Silver Splitters') is a Lifetime Mortgage. 
A lifetime mortgage is where a loan is secured against the property. The loan, along with any accrued interest, is repaid when the homeowner passes away or moves into long-term care. 
It is a highly regulated financial solution that allows homeowners who are over 55 years of age to access the wealth tied up in their property. 
We have also helped divorcees younger than 50 years old to access similar solutions. Please call to discuss possible options. 

How Lifetime Mortgages Assist Divorcee Clients 

Income is not a requirement for eligibility – both retired and unemployed applicants are eligible 
Tenure for life – a client cannot be repossessed for NOT making any repayments 
Flexibility – a client can choose to make NO interest payments or to make regular or ad hoc repayments, to suit their lifestyle 
A client can raise funds for buying-out their ex-partner 
A client can use a Lifetime Mortgage to help purchase their new home from a divorce payout 
Minimum age 55 to 90 years plus 
Includes a No Negative Equity Guarantee 
The client retains full ownership of the property and can sell the property at any time 
The Lifetime Mortgage is fully redeemable at any time, subject to any early repayment charges if applicable. 
Note: Independent Legal Advice is required. 
Modern lifetime mortgages are at the forefront of financial planning by providing access to tax-free funds to meet a client's objectives. There are no repayments required, although voluntary repayments can be made to mitigate any roll-up of interest during their lifetime, and full home ownership is retained. 
Lifetime mortgages are flexible as they can be redeemed if required. 
Prab Singh is the Head of Wealth at Silver Wealth and specialises in financial remedies for later life divorcees. He works with both national and regional legal firms to help their clients in divorce situations. 
Prab is an award-winning, independent equity release specialist, who has been advising on equity release solutions since 2003. He has considerable technical knowledge and experience built up over the decades and specialises in complex situations and High Net Worth Clients. 
Prab is also chair of the Equity Release Council Adviser Forum, the UK industry body for the Equity Release sector. 
As part of this role, Prab is helping the council to shape and promote safer advice processes, resulting in better outcomes for clients. He is also assisting the industry to understand the diversity and cultural needs of ethnic clients. 
Prab only recommends solutions that meet the standards set by the Equity Release Council - which can be found here. 

Working with Legal Professionals  

Lifetime Mortgages are a solution which not only require independent financial advice but also independent legal advice (which your firm can provide), to make sure it is an appropriate and beneficial solution for the client’s needs. 
Silver Wealth can offer independent specialist financial advice to your clients, and will explore all the alternative solutions which need to be considered before a Lifetime Mortgage is recommended. 
We operate with advisers UK-wide on a telephone, zoom and face-to-face basis. We offer a free consultation for clients to explore the options available with experienced advisers only. 
To discuss how a Lifetime Mortgage can help your clients, call Prab Singh on 07966 060 535 or email info@silverwealth.co.uk
Guest Speaker 
If you would like further information on how an equity divorce mortgage can work for your clients, Prab Singh is available to attend digitally or in person to offer training to your firm, please message or call. 

Quick Quote 

Request the maximum mortgage amount available. 
Prab is also available to deliver seminars on the subject of how Equity Release can help later-life divorcees UK-wide for both Chambers and individual solicitor firms alike. Please drop him a message to discuss further. 

Contact Silver Wealth Today 

Have a question or looking for further information? 
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Silver Wealth is a trading style of Mortgage Salad Limited, which is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register at register.fca.org.uk under reference 566220. Registered in England and Wales No 5941708. Registered Address: 12 Trinity Close, Tunbridge Wells, Kent, TN2 3QP. 
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