Choosing the right lifetime mortgage

All of our Lifetime Mortgages come with standard features that can help your clients, including accessing tax-free cash, no affordability checks, and interest rates fixed for the length of the loan.

What does your client need?

When selecting a product you may want to explore based on the needs of your client. In addition to these, each product has its own benefits to suit a wide range of client needs.

Home or garden improvements

Go on holiday of a lifetime

Product comparison

Decide what product is right for your client based on product details

Comparison
Flexible Optional Payment Income
A tax-free lump sum Included

A minimum loan of £10,000

Included

A minimum loan of £10,000

Included

A minimum initial loan of £2,500

A tax-free initial loan followed by a regular monthly income for a fixed term Not included Not included Included
The ability to stop taking monthly income at any time with no fee Not included Not included Included
Drawdown available Included Included Not included
Pay some or all of the monthly interest by Direct Debit Not included Included Not included
Compound interest Included Included

By paying some or all of the monthly interest, your client can reduce the overall cost of the lifetime mortgage

Included

Compound interest is reduced as funds are released in monthly amounts, rather than as a single upfront sum

Stop making monthly interest payments at any time Not included Included Not included
Optional Partial Repayments (OPR's) available  Included Included

Can only be made once your client stopped making the monthly interest payments 

Included

Can only be made once your client has stopped taking the monthly income 

Release tax-free cash from their home Included Included Included
Stay in and continue to own their home Included Included Included
No Negative Equity Guarantee Included Included Included
Fixed interest rates
Included Included Included
No affordability checks Included Included Included
Transfer mortgage when they move home Included Included Included
Inheritance Protection Option (This optional extra allows your client to protect part of the value of their home for inheritance) Included Included Included
May affect means-tested benefits Included Included Included