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To pay off your lifetime mortgage in full, we first need to prepare a final redemption statement. This statement will show the total amount you need to pay. It will include any early repayment charges and any interest owed up to the repayment date you choose.
Please ask for your final redemption statement at least two working days before the date you want to repay the lifetime mortgage. Working days are Monday - Friday, excluding bank holidays.
On the day you repay the lifetime mortgage, we usually send the final redemption statement by email, including the bank details the money should be transferred to. If you prefer, we can also confirm the details with you over the phone.
The full payment must be made on the date shown on the redemption statement. If the lifetime mortgage isn't repaid in full on the date shown a new redemption statement will need to be requested to repay the lifetime mortgage in full.
Request a final redemption statement >
If you would like an estimated figure to see your current outstanding balance, and you are not planning to repay your mortgage right now, you can use the link below. This will give you an example figure to help you understand the amount outstanding.
Request an indicative statement >
