Voluntary Select Options

Our Voluntary Select lifetime mortgages are designed to provide you with flexibility and choice, allowing you to stay in control of your finances.

Our Voluntary Select Options allow you to pay back up to 10% of the initial loan amount each year, without being charged an early repayment charge. This means that you can choose how much interest to pay, and you can choose to pay back some capital each year too.

Our Voluntary Select Platinum Option allows you to borrow more against the value of your home, if you are over 60 years of age.

The money that you release is tax-free, and is a one-off payment. The voluntary contributions can be made at any time, at any frequency and they can be for any amount from £50 upwards. There is no penalty if you choose not to make a voluntary contribution.

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.


The interest rates on our Voluntary Select Options are currently:

Product Monthly interest rate (MER) Annual interest rate (AER)
Voluntary Select Gold 5.55% 5.69%
Voluntary Select Platinum 6.12% 6.29%

If you would like more information about what equity release is, and for more information about our products and their features, you can download our Guide to Equity Release

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.