An introduction to different types of lifetime mortgage

Lump Sum Lifetime Mortgage

Unlock all the money that you want in one go. A lifetime mortgage usually has a fixed interest rate, so as soon as you receive your lump sum, interest starts to accrue on the full amount you’ve borrowed.

Learn more

Drawdown Lifetime Mortgages

These plans work much in the same way as a lump sum mortgage. The key difference is that you are able to take out further funds when you want, up to a specified number of years, or until the cash reserve runs out. Interest is only charged on the total amount you withdraw, potentially saving you a significant amount compared to a lump sum plan.

Learn more

Enhanced Lifetime Mortgage

If you or your partner have any qualifying health conditions, or make certain lifestyle choices, you may be able to release more money from your home.

Learn more

Interest-Payment Lifetime Mortgage

Interest-payment lifetime mortgages work in much the same way as a lifetime mortgage. However, you are able to make regular payments on the interest that accrues over the lifetime of the loan.

Learn more

Protected Lifetime Mortgage

With some lifetime mortgages, it is possible to guarantee an inheritance for your loved ones. Choose a fixed amount, or a percentage of the value of your home, to be left to your beneficiaries when your plan comes to an end. This amount will be guaranteed.

Learn more

Get started today.

Pick up the phone, calculate a quote online or request a brochure.

Give us a call

Speak to one of our expert advisers on the phone today.

Contact Us

Online quote

Provide just a few simple bits of information, and receive an instant estimate of the amount you could unlock.

Calculate Now

Request brochure

Access a comprehensive guide to AskERIC’s equity release process to read and consider at your leisure.

Download brochure