Interest Roll-up with Voluntary Payment option

While no payments are due, the product does allow your client to make voluntary payments should they wish to. They are able to repay up to 10% of the initial loan amount each year, without incurring an early repayment charge (ERC).

Repayment of the loan (and any accrued interest and charges) is repaid typically when your client dies or moves into long term care.

To open an Interest Roll-up with Voluntary Payment option Lifetime Mortgage for your client, login or register using the links below.

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Who could it be suitable for?

Clients who:

  • Want to take a set lump sum
  • Understand and are comfortable about the impact of interest roll-up
  • Are looking for flexibility in managing their finances in retirement
  • Have no family with concerns about their inheritance
  • Like the idea of paying something off the debt but cannot commit to regular payments
  • May be looking to mitigate IHT
  • Want to discharge outstanding debts carried into retirement
Lifetime Mortgage Calculator

Lifetime Mortgage Calculator

Use our calculator to show your client the maximum
loan amount they can get with our interest rates 

Calculate

Current interest rates

FIXED RATES Lite LTV Standard LTV
Monthly Interest Rate (MER) 4.89% 5.65%
Annual Interest Rate (AER) 5.00% 5.80%
CURRENT VARIABLE RATES Lite LTV Standard LTV
Monthly Interest Rate (MER) 5.50% 5.70%
Annual Interest Rate (AER) 5.64% 5.85%
2-YEAR FIXED RATES
(until 30 November 2020)
Lite LTV Standard LTV
Monthly Interest Rate (MER) 3.90% 4.20%
Annual Interest Rate (AER) 3.97% 4.28%

Interest Payment

Our Lump Sum Interest Payment Lifetime Mortgage is specifically designed to allow your client to repay some or all of the interest each month, for the life of the mortgage.