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.
Lifetime mortgages are available to homeowners aged 55 or over. You can take the money as a lump sum, series of lump sums or as a regular income. No repayments are required until you die or move out of your home into long-term care.
Whether you're looking to pay off an existing mortgage, make some home improvements, or gift money to a family member, a lifetime mortgage could help.
Is a lifetime mortgage right for you?
To be eligible to release equity from your home with one of our lifetime mortgages:
- You must be aged 55 or over.
- You must own (or be buying) your own home, with little or no mortgage left to pay.
- Your home must be worth £100,000 or more.
Our lifetime mortgage specialists are available to answer any questions you have. Why not give us a call today. Or, if you'd rather, you can give us your number and we'll give you a call back.
Equity release calculator
This calculator helps you see how much equity you could release with a lifetime mortgage, a loan secured against your home. We'll ask you to register your details to show you the calculation, then give you a call.
Compare our lifetime mortgages
How much is a lifetime mortgage?
One of the main things people want to know about lifetime mortgages is how much the loan will cost.
Costs involved in releasing equity: These are the costs you need to pay during the process of releasing equity with a lifetime mortgage, for example arrangement fees and solicitors fees. We don't charge an advice fee.
For lifetime mortgages
As a member of the Equity Release Council, we uphold their standards and safeguards.
Later life lending specialists
Awarded Later Life Lender of the Year in The Mortgage Awards 2020