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Can I apply?

Can I apply for a home finance product?

Find out if you can apply for our home finance products. Taking out a mortgage is a long-term commitment, so it’s a good idea to discuss it with your family before speaking to a financial adviser. 

Lifetime Mortgage

You’ll need to meet the following eligibility to apply for a main residence Lifetime Mortgage with us:

  • You must own the property
  • You must be a UK resident
  • You must be aged 55 or older
  • Your property must be in England, Scotland or Wales
  • Your property must be your main residence or your second home.

We might have extra requirements relating to your personal circumstances and your property. For example, the type of property you own might come with some extra restrictions. Your financial adviser will be able to explain this in more detail. 

Find out more about our Lifetime Mortgages.

Second Home Lifetime Mortgage

You’ll need to meet our eligibility for a Lifetime Mortgage as well as the following to take out a Second Home Lifetime Mortgage with us:

  • As the owner, the property must be available for you to use
  • If the property is ever let-out, it can only be let-out for a maximum of four weeks at a time
  • As the owner, the property must be used by you for a minimum of four weeks every year

We’ll also have requirements relating to whether the property is advertised and whether any formal tenancy agreements are in place. Your financial adviser will be able to explain this in more detail.

Find out more about our Second Home Lifetime Mortgages.

Buy-To-Let Mortgage

You’ll need to meet the following eligibility to apply for a Buy-To-Let Mortgage with us:

  • You must own the property
  • You must be a UK resident
  • You must be aged 55 or older

Your property must:

  • Be located in England, Scotland or Wales
  • Not be lived in by you as the owner, or your family
  • Be let out under an Assured Shorthold Tenancy (AST)

We’ll have extra requirements relating to the type of tenancy agreement you have in place, as well as the tenants in the property. Your financial adviser will be able to explain this in more detail.

Find out more about our Buy-to-Let Mortgages.

How much can I borrow?

The amount you can borrow depends on your age and the value of your property. If you’re borrowing the money with somebody else, the amount will depend on the age of the youngest borrower. We’ll arrange an independent valuation in order to get an accurate value for your property.

Use our Equity Release Calculator to find out how much you can borrow.

Next steps

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Find an adviser

Get a tailored quote for this product from a financial adviser. To find one, visit the Equity Release Council.

Find an adviser
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Customer support

Find answers to commonly asked questions, helpful links, tools and contact details.

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Get in touch

Call customer services

0800 068 0212

or send an email

Monday – Friday 9am to 5pm

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