We offer an initial minimum loan of £30,000. We’ll lend based on the age of the youngest applicant and the maximum percentage of the property’s value.
We lend on properties valued between £100,000 and £6,000,000.
It may be possible for your client to borrow more money at a later date – but we can’t guarantee it. If they apply for additional borrowing, we'll need to arrange a valuation.
If your client knows they’ll need to borrow more in the future, they may be better suited to one of our Drawdown products - Lifetime Mortgage Drawdown+ or Lifetime Mortgage Drawdown Lifestyle.
There is no application fee for your clients to pay. We offer a free valuation on all initial applications. These valuations are honoured for six months. If the completion takes longer than this, a revaluation might be needed which will be charged at the rates applicable at the time. Our current valuation fees are shown in the table.
We have a Tariff of Charges for certain administrative costs which may be incurred during the term of our lifetime mortgages. Our Tariff of Charges document details these charges.