Interest Select Options

Our Interest Select lifetime mortgages are designed to overcome concerns about the impact of interest roll-up.

If you would like to keep the loan balance level, or want to leave an inheritance to your family, these options could be the right choice for you.

Unlike traditional roll-up lifetime mortgages, our Interest Select lifetime mortgages allow you to pay some, or all, of the interest charged each month, for a period of your choice. This allows you to reduce the size of the rolled-up loan significantly.

The money that you release is tax-free, and is a one-off payment. The interest payments are simply debited from your nominated account each month.

If you think that you might want to borrow more money in the future, you can add a cash reserve facility to your lifetime mortgage at the outset. This means that you can withdraw further funds, without having to take financial advice. Your financial adviser will be able to talk you through this in further detail.


If your financial circumstances change, you can choose to stop making the interest payments at any time. Your financial adviser will be able to talk you through the implications of this.

The interest rates on our Interest Select Options are currently:

Product Monthly interest rate (MER) Annual interest rate (AER)
Interest Select Gold 5.36% 5.49%
Interest Select Platinum 5.83% 5.99%

You can download our Guide to Equity Release, which gives an overview of what a lifetime mortgage is and how it could meet your needs. It also explains our products and their features in more detail.

To see how you can use both your property and your pension to get the most out of your retirement, you can also download a copy of our Home Truths report.