Looking for a survey
Choose from five different survey reports for detailed information about the state of a property, any defects or work that needs to be carried out, before you buy.
A lifetime mortgage is a type of equity release, a loan secured against your home that allows you to release tax-free cash without needing to move out.
Our Lifetime Mortgages are available to homeowners aged 55 (or 50 for our Payment Term Lifetime Mortgage) or over. You may be able to take the money as a lump sum or a series of lump sums. The loan doesn’t have to be fully repaid until you die or move permanently into long-term care.
If you have the financial means, you can choose to pay off some or all of the monthly interest. It would reduce the amount of interest added over the life of the mortgage and reduce the amount you’ll owe in the end.
Retirement Interest Only Mortgage
A loan secured against your home. You have to pay to the monthly interest.
A type of residential mortgage, the amount borrowed doesn’t need to be repaid until you die or move into long-term care.
You can use the money to repay an existing mortgage or spend it on something else.
The amount you can borrow is determined by an affordability assessment to ensure you can afford the monthly interest payments and up to 60% of the value of your home.
As a last resort, your home may be repossessed if you do not keep up the payments.