Lifestyle Flexible Option
  • Voluntary Repayment Lifetime Mortgage Plan
  • : 2.73%
    : 2.80%
    :
    : Cashback | Free Valuation | Reduced Application Fee - £5* | Inheritance Guarantee | 10%pa Voluntary Partial Repayments | 3-year No Early Repayment Charge** | Bespoke Interest Rates***

Eligibility

  • Homeowner with a minimum property valuation of £75,000
  • Property located in England, Wales, Scotland & Northern Ireland
  • For flats, 85% of property value will be used
  • Minimum age of youngest homeowner is 55, no maximum age
  • Minimum loan of £15,000, maximum £1m+ (ask for details)

Features

  • Fixed lifetime interest rate
  • Interest rates based upon personal criteria*
  • Tax free cash to spend as you wish
  • Downsizing protection available after 5 years
  • No regular payment commitment
  • Ability to manage the balance with NO proof of income on a voluntary basis
  • No negative equity guarantee – can never leave a debt for your beneficiaries
  • Flexible drawdown scheme – ability to have access to a future cash reserve

Options

  • Free valuation option available
  • Choose between £0, £500 or £1000 cashback payable on completion
  • Inheritance Protection – option to protect a percentage of the eventual sale value of the property
  • Enhanced Lifetime Terms – poor health can achieve a lower interest rate
  • Ability to make voluntary partial repayments of upto 10%pa with NO penalty
*Interest rate is determined by options selected & personal criteria.