A lifetime mortgage is a type of loan, secured against your home, which allows you to release a cash lump sum (or, with some plans, take smaller amounts as and when you need them) from the value of your property.
You remain able to live in your home
You retain ownership of your home and can still benefit from any house price increases, although you still remain responsible for its maintenance.
No regular repayments
With most lifetime mortgages, there are normally no regular payments to make and
nothing has to be paid back until the end of the plan. This usually happens when the last plan holder living in the property dies or moves into long term care.
There may be an early repayment charge if you decided to repay your mortgage early. One of our advisers will explain this in detail.
Read more about the benefits and risks of lifetime mortgages.
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.
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Equity release calculator