What is the minimum voluntary payment amount?

Our minimum voluntary payment is £50 each year.

How often can I make payments?

You can pay up to 10% of your loan amount each year. You can make payments as often as you like from the start date of your loan.

Will I be charged if I don’t make a payment?

There are no charges or fees if you choose not to make a payment. We’ll add the extra interest to your loan each month.

Do I need to prove I can afford the payments?

We don’t need any proof of affordability.

Capital Select Options

A flexible way to unlock money from your home

Make the most of your retirement by unlocking tax-free cash from your home. Our Capital Select Options give you the flexibility to make repayments when it suits you. You can choose to repay up to 10% of your loan each year and there’s no penalty if you decide not to make repayments.

Are Capital Select Options right for you?

Add a cash reserve to access money later

What are the risks?

A lifetime mortgage is a loan secured against your home. It will reduce the amount of inheritance you leave and may affect your tax position and entitlement to welfare benefits.

Is it right for me?

This product may be right for you if:

You want the flexibility to choose when to make payments and how much you repay each year
You’re looking to pay back all of the interest and some of your loan each year
You don’t want to make regular monthly payments
You don’t want to face penalties for not making payments
You’re concerned about the impact of interest building up and reducing the equity in your property
You’re planning to leave an inheritance to your loved ones