Can I switch between product options once completed?

You won’t be able to switch once your lifetime mortgage is completed. You’ll need to decide which product type is right for you before you take out your mortgage. Talk to your financial adviser to discuss the right option for you.

Is there a minimum borrowing age?

Our minimum borrowing age is 55 and applies to the younger borrower if two of you are borrowing together.

Could I face fluctuating interest rates?

Our interest rates are fixed for the life of the loan, so you don’t need to worry about the interest rates changing.

Do I need to prove that I can afford any payments?

We don’t need any proof of affordability.

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?

Options to borrow more money at a later date

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