How does a Lifetime Mortgage get repaid?

A Lifetime Mortgage is normally repaid when you die or move in to long term care, in the case of joint applicants when the second person dies or goes into long term care.

The sale of the property is dealt with by the executors of your will, if you have one, during the normal probate process. Your estate will therefore be in control of the sale to ensure the property is sold for the best price possible. 

After any selling agents fees and legal costs have been settled the loan is repaid and any money left over is parid to your estate.

All Lifetime Mortgages come with a ‘No Negative Equity Guarantee‘ which means that your family or beneficiaries will never have to repay more than the value of your home, even if the loan is larger than the value of your home.


Volunatry payments

There are no requirements to make any payments to a Lifetime Morgage and the interest will roll up in to the loan.  However, if you wish to reduce the amount of interest that is accruing you can make volunatry ad hoc payments of up to 15% of the loan amount each year without penalty.


The Your Time Guarantee:

    • Fixed fees of £695 – not a percentage of the amount you release.


    • No call centres or sales calls.


    • No Completion-No Fee Guaranteed.


    • Full independent advice service.

Need more information?

Compelte the simple form below, giving us some basic informaton about you and your home and we will send you a detailed explanation of how Equity Release works with an initial guide on how much you can release and the interest rates that are currently available.

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Your first name

Your surname

First forename

First surname

Second forename

Second surname

How old are you?

Youngest age?

In the case of joint owners, the amount you can borrow is based on the age of the youngest person.

Type in your postcode or manually input your address.