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Flexible Lifetime Mortgage

Designed to let you borrow a little now, and more in the future

Why choose a flexible Lifetime Mortgage

For flexibility on when you release equity from your home, consider a flexible lifetime mortgage 

With our Flexible Lifetime Mortgage you can choose to borrow an initial amount, and at the same time set up a maximum loan amount to draw from in the future.

  • You'll only be paying interest on the amount you actually want to spend.
  • The minimum we will lend to start with is £10,000.
  • The most we'll agree as a maximum loan is three times your initial loan or the highest amount we will lend as a percentage of the value of your property if this is less.
  • Once agreed, this maximum loan is guaranteed to be available for you to draw from for 15 years irrespective of what happens to property prices or interest rates.

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.

Important information

Make sure you consider the following

  • The interest rate for each withdrawal will be the rate we’re offering at the time you make the withdrawal so each one may have a different interest rate. There are no additional charges for taking withdrawals; all the costs have been covered up front.
  • You can then take withdrawals of £2,000 or more when you need them up to the amount of your maximum loan. The only thing we ask is that you don't draw on your maximum loan more than once in any calendar month.
  • Remember, making withdrawals will increase the amount of borrowing secured on your home.
  • Your Flexible Lifetime Mortgage allows you two revaluations of your home at no additional cost to you. This also includes two free applications to increase your maximum loan.
  • There will be a charge for any further revaluations and an application fee will apply. This can be used if you want to increase your maximum loan amount and ultimately make further withdrawals.
  • You must seek independent legal and equity release advice before applying to increase your maximum loan amount.

Borrowing more in the future

Under the right circumstances, you may be able to borrow more

  • You may be able to increase your maximum loan amount if your property’s value has increased sufficiently to allow you to borrow a further amount, or you have moved to another house that is worth more and meets our lending criteria.
  • You may not always be able to release additional money from your home in the future.
  • The availability of additional borrowing and the terms and conditions and Lending Criteria that will apply will depend on our practice that applied at the time.

Make an ENQUIRY 

If you are an existing lifetime mortgage customer with us please call:

Mon to Fri 8:30am-6pm

For TextDirect: First dial 18001

We will record and/or monitor calls for training and audit purposes


To start an equity release enquiry, contact your independent financial adviser, or find one specialising in equity release through the Equity Release Council (ERC).