Interest Roll Up Lifetime Mortgage
Tax-free lump sum or sums, no monthly payments.
What is an Interest Roll Up Lifetime Mortgage?
Our Interest Roll Up Lifetime Mortgage is a type of equity release that allows your client to unlock some of the equity from their home without having to move. It's a loan secured against their home to give them a cash lump sum or smaller amounts, tax-free, that they can take as and when they need.
There are no monthly payments with our Interest Roll Up Lifetime Mortgage. Instead the interest is added to the amount they owe each month. This means we charge interest on the loan plus any interest already added.
The amount is usually repaid from the sale of their home when they or the remaining applicant (if the mortgage is in joint names) dies or moves out of their home into long term care.
Lifetime Mortgage calculator
Our Lifetime Mortgage calculator helps financial advisers to:
- Show your clients how much they may be able to release from their home.
- Demonstrate examples for both taking the maximum available as an initial advance or taking a smaller initial amount where the remainder can be drawn on in the future.
- Illustrate the effect of our inheritance protection option on the total loan amount available.
- Explore the impact of house price inflation.
- Highlight how the interest on their loan increases over time.
- Create a summary of your client's choices and possible results.
The calculator results are examples only. A lifetime mortgage is a loan secured on your client’s home. It will reduce the value of your client's estate but servicing the interest can slow or stop the growth of the loan over time and may affect their entitlement to means tested state benefits.
Our email PDF service for your illustration is unavailable.
Quoting and online services
Available Portals
Quotes for our Lifetime Mortgages products are available through the listed portals.
24/7 Apply/Request reoffers
To generate a KFI, make a new application, amend an existing one or request a reoffer.
Submitting non standard properties
In these situations we'll need some more information to assess your client's application.
Large loan request
If the total borrowing requirement is over £300,000 or the property value is over £1 million, you will need to make a large loan enquiry below.