Later Life Finance

ensuring that you are financially comfortable in your late life

About Lifetime Loans

Lifetime Loans are a type of equity release that secures financing against your home. There are a number of benefits to a Lifetime Loan, such as retaining ownership of your home, optional repayments and increased cash availability.

Designed to last for the rest of your life, there are no regular repayments required. You do, of course, have the option to make repayments if you wish. The loan only becomes repayable after you sell your home, die or permanently move out of the home.

Our Lifetime Loans are available to those over 60, residents in Ireland who own their own home.

Helping-the-family-image — Helping The Family

Spry-Education-Image — Further Education

If you apply for a Lifetime Loan through Spry Finance you will be applying to Seniors Money as the lender. If your loan application is approved and your loan completes you will become a customer of Seniors Money. Rest assured that Spry Finance and the people in Spry you develop a relationship with will continue to be there for you when you need them.

Seniors Money is the only lender in the Irish market offering Lifetime Loans, Spry Finance is a retail division of Seniors Money. Through our Spry brokerage we can guide you through understanding and applying for a Lifetime Loan.

Legal Warnings

The following warnings contain important and useful information so please read them carefully.

For Lifetime Loans:

WARNING: WHILE NO INTEREST IS PAYABLE DURING THE PERIOD OF THE MORTGAGE, THE INTEREST IS COMPOUNDED ON A MONTHLY BASIS AND IS PAYABLE IN FULL IN CIRCUMSTANCES SUCH AS DEATH, PERMANENT VACATION OR SALE OF THE PROPERTY.

PURCHASING THIS PRODUCT MAY NEGATIVELY IMPACT ON YOUR ABILITY TO FUND FUTURE NEEDS.

YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.

YOU MAY HAVE TO PAY CHARGES IF YOU PAY OFF A FIXED-RATE LOAN EARLY.

If your Lifetime Loan is being used for debt consolidation purposes:

THIS NEW LOAN MAY TAKE LONGER TO PAY OFF THAN YOUR PREVIOUS LOANS. THIS MEANS THAT YOU MAY PAY MORE THAN IF YOU PAID OVER A SHORTER TERM.

For customers switching from a Variable Rate Lifetime Loan to a Fixed Rate Lifetime Loan:

IF YOU SWITCH FROM A VARIABLE RATE LIFETIME LOAN TO A FIXED RATE LIFETIME LOAN YOU WILL NOT BE CONTRACTUALLY ENTITLED TO GO BACK TO THE VARIABLE RATE LIFETIME LOAN IN THE FUTURE.

What our customers are saying…

“We were delighted with the service provided by OBG. To put it simply, they did everything for us, including dealing with the banks and life assurance and they endeavoured to get us the best deal for each policy. They were very accommodating, meeting us at locations convenient to us and clearly explaining all of our options in an uncomplicated manner. It took a lot of the stress out of the whole process and we would definitely recommend their services.”

CiaraSligo June 15

“A big thank you to Pauric and all the team in OBG. When I called in my finances were in a bit of a mess. You reviewed all my policies and were able to tell me what I should do and brought to my attention the importance of things like conversion options! Best of all you were able to save me money and give me more cover! Many thanks again and I look forward to doing business with you again in the future.”

GerSligo May 15

“We thought organising a mortgage would be an ordeal. I’d heard so many horror stories that I looked for some independent advice before starting the process. Eight weeks after first approaching Oates Breheny Financial Services I had completed the purchase of my first house, and wondered what all the fuss was about. Shane not only gave me good sound advice, but made the full application on my behalf, chased the Banks for us and helped get us the best deal on our insurances. I have since recommended him to all my friends.”

SinéadSligo March 15

“Thanks just seems so small for all you have done for us! We appreciate so much all the work put in on our behalf to get our mortgage and help us through the whole process, you went over and beyond. I will be recommending you to my friends.”

AislingSligo June 14

“Thank you for your help this year. We appreciate it. We have settled into our new home nicely! If we buy any more houses we will definitely come to you”

GerardDublin via email feedback

“Thank you to all the mortgage team in Oates Breheny Group. People told us it would be difficult to get a mortgage to complete a property but from the time we met, you put us at ease and worked on our behalf to make sure we got our mortgage. Having experts do all the mortgage work for us was a great relief and we will recommend you to all our family and friends.”

MarkSligo Jan 14

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