Robert thumbnail

What is an Optional Payment Lifetime Mortgage?

Our Optional Payment Lifetime Mortgage, a type of equity release, is a loan secured on your home which allows you to borrow against the value of your home while continuing to live there. You get a tax-free cash sum, and could save interest by making monthly interest payments. You can stop interest payments at any time, but you won’t be able to restart them.

This could be one solution if you‘re approaching the end of an interest-only mortgage and need to repay it. You may need to pay an early repayment charge to your lender.

Achieve your retirement dreams with a later life mortgage

Our Lifetime mortgages are available to homeowners aged 55 (or 50 for our Payment Term Lifetime Mortgage) or over. They allow you to access money from your property as a loan secured against it. You can use the money to enhance your lifestyle, finance your travel dreams, help loved ones; whatever it is, our team of specialist advisers will tell you if a later life mortgage can help you achieve your retirement dreams. 

Women on the phone

Think a later life mortgage might be right for you, too?

Speak to one of our specialist advisers today


0808 301 7044


Monday to Friday 9:00am - 6:00pm
Saturday 9:00am - 1:00pm
We may record and monitor calls.

Lines now open

Rewire your retirement

Sign up now to receive your monthly Rewirement newsletter, curated by our retirement experts and delivered straight into your inbox.