Case studies

Lifetime Mortgage

Patricia, aged 72, was a recent divorcee. Following a financial settlement, she was looking to purchase a new home that would suit her needs. We recommended a Lifetime Mortgage.

Patricia had already retired and was receiving pension income from both the State and an Occupational Pension Scheme.

Following the divorce, Patricia’s former matrimonial home had been sold. Under the terms of the financial settlement, she received a cash sum, together with a pension sharing order of £300 per month against her former husband’s Occupational Pension. Of the cash sum, £200,000 was available for house purchase.

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