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With our Flexible Lifetime Mortgage your client won’t have to make any monthly payments. 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 lifetime mortgage 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. Of course, any money left over would be available for them or their beneficiaries.

Our Flexible Lifetime Mortgage - All you need to know includes full details about typical uses and product features, risk and benefits, and you can use it with your clients.

With our Optional Payment Lifetime Mortgage your client can choose to pay between £25 and the full monthly interest each month. This could be preferable if they're using the lifetime mortgage to repay an interest only mortgage or would like to make a regular monthly payment towards the loan interest. 

Making monthly interest payments will reduce the amount of interest that will accumulate over the life of their lifetime mortgage.

Your client can choose to stop making monthly interest payments whenever they want. If they do stop, the unpaid interest is then added to the amount they owe each month. This means that interest is charged on the loan amount plus any interest already added.

Our Optional Payment Lifetime Mortgage - All you need to know includes full details about typical uses and product features, risk and benefits, and you can use it with your clients.

With our Income Lifetime Mortgage your client can release some of the money tied up in their home to provide a regular income, over a fixed term, with no need to make monthly payments. Your client must take an initial minimum loan of £2,500, followed by a minimum monthly income of £200 for a fixed term of 10, 15, 20 or 25 years.

The amount of monthly income and income term can't be changed once the mortgage has completed however should your client's circumstances change, they can choose to stop taking the income at any time. But, once stopped, the monthly income can't be restarted.

We charge compound interest. This means we’ll charge interest on the loan plus any interest already added. The effect of compound interest is reduced because the equity is released in monthly amounts, rather than as a single upfront sum.

Once the fixed income term comes to an end, the monthly income will stop, but interest will continue to roll up until the lifetime mortgage is repaid. The lifetime mortgage is usually repaid from the sale of your client's 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.

Clients will have to pay an arrangement fee on all Income Lifetime Mortgages.

Our Income Lifetime Mortgage - All you need to know includes full details about typical uses and product features, risk and benefits, and you can use it with your clients.

Our online portal is available to generate a KFI 24/7.

Once you and your client are ready to apply, our application is designed to give an instant decision in principle, whilst sending the data securely to our underwriting team.

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