Equity Release overview
Our award-winning lifetime mortgages have been designed with your clients in mind, and can be tailored to suit their individual needs. In fact, our products can be secured on your customer's main residence, second home or buy to let property.
These products can be used to release equity from a main residence:
Our Lifestyle Options have been developed for customers who want a high loan-to-value or a low interest rate. These products are traditional roll-up lifetime mortgages with no payments due. The interest rate is fixed from the outset, and customers receive a one-off, tax free lump sum to use as they wish.
You can choose to add a cash reserve facility to this product, or take cashback on our Lifestyle Platinum product.
Our Prestige Options have been developed for customers who want a high loan amount of over £250,000. Prestige is available on UK properties valued at £500,000 upwards and gives property owners the opportunity to release a sizeable cash lump sum in order to boost their retirement finances.
Prestige Options product provides customers with a one-off cash payment. Because the interest is added to the loan, customers will not have to make any monthly payments.
You can choose to add a cash reserve facility to this product, or take out additonal borrowing.
Interest Select Options
Our Interest Select Options have been designed to overcome customer concerns about the impact of interest roll-up. Unlike traditional roll-up Lifetime Mortgages, Interest Select has been developed for customers who wish to release equity but who are able to pay either some, or all, of the interest. There are no affordability assessments.
You can choose to add a cash reserve facility to this product, or take cashback.
Voluntary Select Options
Our Voluntary Select Options have been designed to offer your customers flexibility and choice. Whereas the payments made under our Interest Select Options are fixed and routine, the Voluntary Select Options allow your customer to make a voluntary contribution of their choosing each year.
You can choose to add a cash reserve facility to this product.
These products can be used to release equity from a second home or Buy-to-Let property:
Second Home Options
Our Second Home Options are secured against a Second Home, which your customer doesn't live in permanently. This range of products comes with a choice of payment options, which allow your customer to service the interest, the interest and the capital, or let the interest roll up. There are no affordability assessments on this product range.
Over 55 Buy-to-Let Mortgages
Our Over 55 Buy-to-Let Mortgages are secured against a Buy-to-Let property, and allow Landlords to release cash from their property tax free, leaving their entire portfolio intact. There are two options to choose from, which allow your customer to decide whether they service the interest and the capital, or let the interest roll-up. There are no affordability assessments on this product range.
Your customer can take additional borrowing on any of our mortgages. Alongside this, on some of our products your customer can choose to add a cash reserve facility at the outset.
Doing business with us
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