Who may an Income Lifetime Mortgage be suitable for?
What are the benefits of an Income Lifetime Mortgage compared to a Flexible Lifetime Mortgage?
Will my client still own their home?
How much income can my client take?
How long can my client take the income for?
How much can my client take as an initial loan amount?
Will this product impact my client's ability to claim means tested benefits?
Is there a maximum age on the Income Lifetime Mortgage?
Can my client change the amount of their fixed income or the fixed income term after the lifetime mortgage has completed?
What happens if my client doesn’t take the full income available to them, can they take this at a later date?
If my client stops taking the monthly income, can they restart it later?
What day will the monthly income be paid?
What happens at the end of the fixed income term?
How long is the interest rate fixed for?
Can my client make Optional Partial Repayments on their Income Lifetime Mortgage?
What other product features does an Income Lifetime Mortgage have?
What is Inheritance Protection?
What are the current interest rate for your Income Lifetime Mortgage?
How is interest calculated?
Can the lifetime mortgage be repaid early?
How do we calculate an Early Repayment Charge?
Why do we apply an Early Repayment Charge?
What is the No Negative Equity Guarantee?
What is Downsizing Protection?
In the future could you make my client leave their home?