Our Fixed Lifetime Mortgage enables you to release money as and when you need it, but allows you to fix the amount repayable at the time you take out the plan.
It means you don’t need to take any more equity out of your home than you need to and you know what the loan will cost you right from the very beginning.
How much to borrow The amount you can borrow will depend on your age and the value of your property. We will also take into consideration your health and lifestyle. A single fixed charge is agreed when you take out the plan. This charge applies to the first amount you release and is guaranteed not to increase throughout your lifetime. Valuation, legal and other fees may apply.
No repayments You make no repayments to us. The loan is repaid when you die, or you go into long term care. However, if you want to repay early, you may do so but you will be subject to an early repayment charge.
Borrow more in the future You can borrow additional amounts in the future, on a regular or ad-hoc basis, up to the maximum amount we have agreed to lend you. For each future amount we provide, a new fixed charge is set although the maximum charge that will currently be applied is 75% of the value of your property.
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
Useful links
Find an adviser
Our Roll-up Lifetime Mortgage
Equity release calculator