Second Home Options

Unlock cash from your second home

Unlock cash from your second home with our flexible lifetime mortgages. Our Second Home Options give you control over your loan repayments. You can choose to repay some of your loan each year, or you can let the interest build with no repayments.

Please note, we’ve temporarily stopped accepting new applications for this product. If you would like more information about the options available to you, please contact a financial adviser.

If you are an existing customer please contact us or your financial adviser.

Are Second Home Options right for you?

Enjoy a one-off, tax-free cash payment
Free valuations
Options to borrow more money at a later date
No affordability checks

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.

This product could be right for you if:

  • You’d like the flexibility to choose between making voluntary contributions up to a 10% annual limit or making no payments during your loan

  • You want a tax-free cash lump sum

  • You own more than one home

The product may not be appropriate if:

  • You'd like to make regular monthly interest payments

Need an adviser?

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

Find a Financial Adviser

Customer documents 

Frequently asked questions