Our equity release product is a lifetime mortgage. This can unlock the value in your home as a tax free lump sum. The amount you can borrow depends on your age and how much your property is worth.
With our Lifetime mortgage, the interest rate is fixed for life, and you only make monthly payments if you want to. But, if you don’t, bear in mind that the balance will increase over the term.
Usually the loan is repaid when the last borrower moves into long term care or dies and your home is sold. Any money left over is passed on to the people you name in your will.
Find out more about the Lifetime mortgage