Are Lifestyle Select Options right for you?
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.
This product could be right for you if:
You’re looking to make repayments to reduce your loan
You want to reduce interest building up and maintain more equity in your property
The product may not be appropriate if:
You’re concerned about interest reducing the equity in your property
You’re planning on downsizing during your loan term