What are your borrowing options?

  • A repayment mortgage. You repay both the money you borrow and the interest over the term of the mortgage
  • A Retirement Interest Only mortgage. You pay the interest each month and the money you borrow is repaid from selling your home when the last borrower dies or moves into long-term care
  • A Lifetime Mortgage. You use the equity in your home to release money without making monthly payments, unless you want to. The money you borrow, and the interest that has built up, is repaid from selling your home when the last borrower dies or moves into long-term care.

The amount you can borrow will depend on your circumstances and eligibility criteria will apply. You should consider if an alternative option is more suitable for your needs and discuss any plans with your family and/or beneficiaries.

Our Mortgage Representatives are here to take you through all of your options. For more information call 0800 783 0806.

Think carefully before securing other debts against your home. Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Borrowing money against your home could reduce the amount of inheritance you may want to leave to family or friends.