Lifestyle Options

A tax free lump sum

Our Lifestyle Options provide your customer with a one-off, cash lump sum. They are traditional roll-up Lifetime Mortgages for customers who want a high LTV or low interest rate with no cashback. 

The interest rolls-up and is added to the outstanding loan balance each month, so no payments are due. 


You can find out more about the product features in our At A Glance Lifestyle Options Guide.

On our Lifestyle Options:

  • The interest rate is fixed from the outset.
  • Customers can borrow a minimum loan amount of £10,000 and a maximum of £1 million.

Other product features:

  • Fixed early repayment charges

Our Lifestyle Options have fixed early repayment charges. They are 5% of the initial loan amount for the first five years, 3% for years 5 to 8, and 0% from year 9 onwards.

  • Inheritance guarantee

If your customer wants to leave an inheritance to their estate, they can choose to take advantage of our Inheritance Guarantee Option. This product feature is free of charge and protects any remaining equity.

  • Cash reserve facility

You can add a cash reserve facility to your customer's lifetime mortgage at the outset. Alternatively, they can apply for additional borrowing at a later date. You can find out more about both of our additional borrowing options here.

  • Cashback

By taking out our Lifestyle Platinum (Cashback) product, your customer receives a cashback of 3% of the initial loan amount. There is no cap on this cashback and your customer will not pay a completion fee when they take out this product.

Interest rates

Product Monthly interest rate (MER) Annual interest rate (AER)
Lifestyle Lite 4.02% 4.09%
Lifestyle Gold 4.39% 4.48%
Lifestyle Gold Plus 5.45% 5.59%
Lifestyle Platinum 6.39% 6.58%
Lifestyle Platinum (Cashback) 6.67% 6.88%

If your customer chooses to have a cash reserve facility the MER will increase by 0.20% (unavailable on Lifestyle Platinum (Cashback)).


Our maximum LTV is 52%. You can find our LTV tables here.

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