So that you can give your clients peace of mind and more control over their lifetime mortgage, all of our lifetime mortgages come with extras and protections as standard. Where eligible your client can enjoy a brighter future thanks to this flexibility at no extra cost.
Partial repayments
Depending on the plan recommended, your clients could repay up to 12% of their initial loan in any 12 month period from when the loan completes, without incurring any early repayment charges. Our handy partial repayment calculator shows the effect making partial repayments could have on your client's loan.
Fixed ERCs
Your clients will always know how much it may cost to repay early with fixed early repayment charges, allowing them to properly assess the benefits and risks.
Download the guide to our lending features to find out more about the fixed ERCs across each of our plans.
Download the guide to our lending features to find out more about the fixed ERCs across each of our plans.
ERC exemption
In joint cases, the remaining borrower can repay their loan in full without incurring any ERCs within 3 years of the death or admission into long-term care of the first borrower.
Download the guide to our features to find out more about early repayment charge exemptions and when they may apply.
Download the guide to our features to find out more about early repayment charge exemptions and when they may apply.
Downsizing protection
After an initial period of 5 years from when the loan completes, your client can repay their loan in full without incurring any ERCs, if they move to a property outside of our lending criteria.
Inheritance protection
Your client can protect a percentage of their home’s future value as long as they don’t take the maximum loan offered. The percentage of loan not taken is the same percentage of their home’s future value which will be protected.
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