Are Second Home Options right for you?
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