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Advanced Mortgage Services Ltd  

Specialists in Equity Release

AMS Equity Release

Home AMS The Benefits of Using AMS How Much Can You Release? The Need For Advice Uses For Equity Release What is Equity Release Equity Release Considerations Is Equity Release Safe? What Does It Cost Lifetime Mortgages Home Reversion Plans Interest Options Protecting your inheritance Draw Down Lifetime Mortgage Frequently Asked Questions Contacts for Further Information About Us Contact Us

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We provide Independent Advice from the Whole Market

We are proud to be members of the Equity Release Council

For Equity Release Information and Advice from a Specialist Adviser covering Bournemouth Poole Christchurch New Milton Lymington Highcliffe Ringwood Wimbourne Ferndown Verwood Canford Cliffs Sandbanks Westbourne Branksome Parkstone Boscombe Southbourne Tuckton Wareham Swanage Corfe Castle Dorchester Weymouth Corfe Mullen Upton Brockenhurst Lyndhurst New Forest Burley Sway Barton on Sea Milford on Sea Dorset Hampshire   


With a Lifetime Mortgage you take out a loan which is secured against your property. You can either take the money in one lump sum or in stages as and when you need it.

Once you have received the funds interest will start to be charged at the agreed interest rate.

Normally this interest will accumulate each year on a compound basis meaning that interest is charged each year on the amount of the loan as well as interest accrued in previous years. The more years that pass before the loan is eventually repaid, the bigger the final total interest charge. The total loan plus accrued interest (and any applicable fees and charges) is repaid from

the proceeds of the sale of your property when you die or if you decide to move permanently into long-term care.

The affect of compound interest is that the total loan to be repaid could increase significantly to the point that it is equal to the full value of your property and no inheritance will remain for your beneficiaries.


There are a few providers who offer a lifetime mortgage with added flexibility giving you the freedom to release cash to spend in any way you wish, but with the option to make monthly

payments to cover some or all of the interest.


Choosing to pay some or all of the interest during the lifetime of the plan reduces the amount owed when the property comes to be sold, leaving a greater amount for your beneficiaries to benefit from compared to a standard lifetime mortgage where interest rolls up.


How much you pay every month is up to you, normally starting at a minimum of 1% or £25 up to 100% of the interest, so you can select a payment that’s affordable for you.


If you are unable to continue to make payments each month then it is possible to stop and convert it back to a standard Lifetime mortgage where you pay no monthly payments.

It is not then normally possible to convert back once this has been changed.


To understand this in more detail and to provide you with a detailed personalised illustration please contact us.



If you would like to find out more please contact us



Interest Options


Equity Release Risk Warning.

Lifetime mortgage, or home reversion plan.

Equity release may affect your entitlement to state benefits and could reduce the value of your estate. To understand the features and risks, ask for a personalised illustration.

Please think carefully before securing other debts against your home.



Advanced Mortgage Services Ltd is an appointed representative of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Advanced Mortgage Services is registered in England. Company registration number 4751565.

Cherry Tree House, 20 Inverleigh Road, Bournemouth, Dorset, BH6 5HA.

Advanced Mortgage Services Ltd website is only for the use by UK residents & is subject to the UK regulatory regime.