Our Payment Term Lifetime Mortgage
Our Payment Term Lifetime Mortgage (PTLM) opens up possibilities for people in their early 50s.
It’s a type of equity release designed for people aged 50+. It gives them the chance to borrow against their home by paying off the interest for an agreed period. When payments stop, interest rolls up for the life of the loan.
It’s especially helpful for clients who can afford the interest payments of a mortgage while they’re working, but won’t be able to when they retire, or for clients who are already retired but don't want to commit to making payments for the whole mortgage term.
Case studies and sales aids
Assessing affordability
We’ve developed a range of sales aids to support you and your client conversations.
Comparing our Lifetime Mortgages
Compare our products and help more clients embrace the future with confidence.
PTLM Case studies
We’ve developed a range of technical case studies to support you and your client conversations. Each designed to demonstrate the value of the PTLM and the certainty it can provide your client with over the course of the product.
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.
Key documents
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.