Voluntary Select Options

Flexible repayments

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 payment of their choosing each year.

Customers can make:

  • A contribution of up to 15% of the inital loan amount each year. 
  • An unlimited number of voluntary contributions, with a minimum contribution amount of £50.
  • Start their contributions immediately.
  • Make contributions by cheque, BACs transferdebit card or standing order.

Voluntary Select Platinum

Your client can take advantage of the higher LTVs on our Voluntary Select Platinum Option.

More details

Want to find out more? You can read more about our product features in our At A Glance Voluntary Select Guide.

Important information:

  • Your customer's annual allowance is renewed on the anniversary of the completion date
  • There are no penalities if no contributions are made in a year, and it does not the future annual allowances.
  • There are no early repayment charges (ERCs) when your customer makes a voluntary contribution

Other product features:

  • Fixed early repayment charges

If your customer decides to repay their mortgage in full, our Voluntary Select Options have fixed early repayment charges and come with the Equity Release Council's safeguards.

  • Inheritance guarantee

Don't forget that your customer can take advantage of our Inheritance Guarantee Option, which allows them to protect any remaining equity free of charge.

  • Cash reserve facility

Your customer can choose to add a cash reserve facility to their mortgage at the outset. Alternatively, they can apply for additional borrowing at a later date. You can find out more about both of these options here.

  • Loan amount

Your customer can release between £10,000 and £750,000. Loans up to £1 million will be considered on a case by case basis.

  • Downsizing Protection

If, after 5 years, your customer wants to repay the loan because they are selling their home and moving to a different property they will not need to pay an Early Repayment Charge. 

  • Early repayment waiver

Your customer will not need to pay an Early Repayment Charge if they decide to repay their Lifetime Mortgage within 3 years of the date that the first borrower dies or goes in to long term care.

Interest rates

Product Monthly interest rate (MER) Annual interest rate (AER)
Voluntary Select Gold 5.55% 5.69%
Voluntary Select Platinum



If your customer chooses to have a cash reserve facility the MER will increase by 0.20%.


Our maximum LTV is 49%. You can find our LTV tables here.

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