Second Home Options

Also worth knowing

• How soon can my customer make their first payment?

  They can make their first payment the day after the lifetime mortgage completes.

• Is there a minimum occupancy period for second homes?

  Your customer must have used their second home for a minimum of four weeks in the past year.

   

• Is there a maximum occupancy period for others using the property?

  The property must not have been let out for more than four weeks at a time.

   

• What’s the minimum further advance you allow?

  The minimum is £4,000.