Make voluntary repayments
There are typically no monthly repayments, unless you choose to do so. You can pay up to 10% of the original loan amount every year with no early repayment charges (ERCs)
Retain ownership of your home
You will not be required to sell or sacrifice ownership of your property during the term of your lifetime mortgage. Subject to T&Cs.
Remain living in your home
You’ll have the right to live in your home during the term of your lifetime mortgage, or until you or the last remaining applicant move into long-term care .
Move home in the future
If you need to move to a smaller property in the future and it doesn’t meet the lender's criteria, you can repay your loan in full without facing any ERCs
Avoid negative equity
Our no negative equity guarantee feature means you can never owe more than your property is worth
Remain on a fixed interest rate
You’ll be protected against any future interest rate increases with an interest rate fixed for life