What if I want to move home?

If you move home you can transfer your lifetime mortgage to a new property, if that property is acceptable to us and meets our lending requirements at the time.

You will need to ensure there is sufficient value left after the sale of your home to purchase your new property. You should include all the costs and taxes payable for the move.

If you are able to move we may also ask you to repay part of your lifetime mortgage, for example if you are moving to a lower value property. The amount we lend you will depend on our lending requirements at the time and be based on the value of your new property. If you have Inheritance Protection and have to repay part of your lifetime mortgage, you may choose to reduce or remove the Protected Percentage instead.

In this case you would not have to pay an Early Repayment Charge on any amounts we require you to repay.