Find out how making repayments can impact your lifetime mortgage.
Find out how to repay your lifetime mortgage early.
Find out what to do if you’re considering moving to a new home.
With our Flexible and Optional Payment Lifetime Mortgage, you can take out additional sums (minimum £2,000), from your agreed Drawdown Facility. For more details, see the Key Facts Illustration, Offer of Loan or the terms and conditions document your adviser gave you.
Please remember, additional withdrawals aren’t guaranteed. If you’d like to request one, you can fill out the form below or call us on 03330 048444. Lines are open Monday to Friday, 8.30am to 5.30pm. Call charges will vary. We may record and monitor calls.
To ask about adding or removing a borrower, please call us on 03330 048444 today.
Lifetime mortgages don’t have a set repayment date, making them different from residential mortgages. You don’t have to make monthly payments either.
Instead, lifetime mortgages are usually repaid from the sale of your home, or when the last borrower passes away or moves into long-term care. We realise this may be a difficult time for you, so we give you or your estate 12 months to repay the lifetime mortgage.
If Inheritance Protection has been taken out, you or your estate will keep the protected percentage amount, providing you’ve followed our terms and conditions.
In certain circumstances, you may need to repay your lifetime mortgage in full. You can find these in our terms and conditions. And remember, the full amount will include the original amount borrowed, any additional withdrawals, as well as any unpaid costs or interest.
Every year, we’ll send you a statement to help you keep track of what you owe. It’ll show details of any transactions and the total amount to be repaid.
You don’t have to wait for your statement, though. You can ask about your lifetime mortgage at any time.
If someone close to you dies and they had a lifetime mortgage with us, please call 03330 048444. Lines are open Monday to Friday 8.30am to 5.00pm.
For more information, please read our bereavement guide.
Taking out home insurance will help you protect your home and belongings.
See how our buildings and contents insurance could help you. There’s even a 15% discount on new home insurance policies for your first year. Terms and conditions apply.
PDF file: Drawdown request PDF size: 99KB
If you’d like to request a drawdown from your lifetime mortgage, please print and complete this form by following the simple instructions.
PDF file: Lasting Power of Attorney guide PDF size: 236KB
To find out more about Lasting Power of Attorney and how it could protect you and your family in the future, please download the lasting power of attorney leaflet.
PDF file: How to avoid falling for fraudsters guide PDF size: 206KB
To find out more about how you can protect yourself from common scams, please download the scam leaflet.
PDF file: Customer assistance guide PDF size: 124KB
Download our leaflet, to find out how to access free independent guidance on a range of issues including: health, finances and legal matters.
PDF file: Third party consent form PDF size: 92KB
If you would like to give authority for a family member or friend to talk to us on your behalf, please print and complete this form by following the simple instructions.
PDF file: Adviser Consent Form PDF size: 91KB
If you would like to give your authority for your adviser to talk to us on your behalf, please print and complete this form by following the simple instructions.
PDF file: Tariff of charges PDF size: 116KB
To find out more about standard fees and charges on our Lifetime Mortgage products, please download the tariff of charges.
PDF file: Legal process guide PDF size: 876KB
Download our leaflet, to find out more on the legal process once you've received your lifetime mortgage offer (otherwise known as an Offer of Loan).