Lifetime Mortgages
What is a lifetime mortgage?
One of our lifetime mortgages could help you pay off your interest-only mortgage balance in full, including any Early Repayment Charges that may apply.
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 (50 for Payment Term Lifetime Mortgage) or over. Depending the Lifetime Mortgage you choose, you can take the money as a lump sum or as a series of lump sums. The interest rate is fixed for life.
No repayments are required until you die or move out of your home and go into long-term care, unless you choose a Payment Term Lifetime Mortgage which requires full monthly interest only payments for a chosen payment term. As a last resort, your home may be repossessed if you do not keep up with payments on the Payment Term Lifetime Mortgage.
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.
Download our Later Life Mortgage guide to find out more.
Our product options
Make full monthly interest payments for a set term
If you're aged 50 or over and you'd prefer to take a lump sum and pay all the interest each month for a chosen payment term, our Payment Term Lifetime Mortgage could be right for you.
Make any monthly interest payments, with the option to stop anytime
If you're aged 55 or over and you'd prefer to take a lump sum, or a series of lump sums, and pay off some or all of the interest, our Optional Payment Lifetime Mortgage could be right for you.
Make no monthly interest payments
If you're aged 55 or over and you'd like to take a lump sum, or a series of lump sums, and pay nothing until you die or move into long term care, our Interest Roll Up Lifetime Mortgage could be right for you.
Lifetime mortgage pros and cons
You can only get a lifetime mortgage through a qualified equity release adviser, but it's important to understand the benefits and risks.
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 so we can show you the calculation. You may also receive a call from us to assist you with your enquiry.
Before you start