Compare Lifetime Mortgages

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  • We’ve teamed up with leading equity release advisers Fluent Lifetime to help you in your search for a lifetime mortgage
  • If you're over 55, you may be able to unlock some of the value tied up in your home without having to move
  • All products have a 'no negative equity' guarantee and are approved by the Equity Release Council

A lifetime mortgage is secured against your home, think carefully before securing debts against it. Ask for a personalised illustration to fully understand the risks and benefits before considering.

Filter your results
9 products found based on your age, total borrowing and LTV of 40.00%
    • LV logo

      LV

      • MER / Annual Rate
        2.99%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £0
    • more2life logo

      more2life

      • MER / Annual Rate
        3.18%
      • MAX LTV
        40.00%
      • Max You Can Borrow
        £100,000
      • Lender Fees
        £0
    • Legal & General Home Finance logo

      Legal & General Home Finance

      • MER / Annual Rate
        3.20%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £599
    • Scottish Widows logo

      Scottish Widows

      • MER / Annual Rate
        3.32%
      • MAX LTV
        41.00%
      • Max You Can Borrow
        £102,500
      • Lender Fees
        £0
    • JUST logo

      JUST

      • MER / Annual Rate
        3.35%
      • MAX LTV
        42.00%
      • Max You Can Borrow
        £105,000
      • Lender Fees
        £0
    • Pure Retirement logo

      Pure Retirement

      • MER / Annual Rate
        3.69%
      • MAX LTV
        47.00%
      • Max You Can Borrow
        £117,500
      • Lender Fees
        £895
    • Canada Life logo

      Canada Life

      • MER / Annual Rate
        3.73%
      • MAX LTV
        40.00%
      • Max You Can Borrow
        £100,000
      • Lender Fees
        £0
    • Aviva logo

      Aviva

      • MER / Annual Rate
        4.20%
      • MAX LTV
        46.00%
      • Max You Can Borrow
        £115,000
      • Lender Fees
        £5
    • Onefamily logo

      Onefamily

      • MER / Annual Rate
        6.29%
      • MAX LTV
        50.00%
      • Max You Can Borrow
        £125,000
      • Lender Fees
        £950

Overall Representative Example for a Lifetime Mortgage from Fluent Lifetime

Most Fluent Lifetime customers have received a fixed annual interest rate of 2.84% or lower, based on an average loan size of £50.000, the overall cost for comparison is 3.2% APRC.

The information contained on this page has been approved for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Fluent Lifetime Ltd, an appointed representative of Fluent Mortgages Ltd who are authorised and regulated by the Financial Conduct Authority FRN 458914.

A lifetime mortgage is a form of equity release. Think carefully before securing your home against debts which you could lose if you fail to meet the terms of that mortgage. Check the mortgage meets your needs if you want to move or sell your home, or you want your family to inherit it. Liftetime mortgages can affect tax and benefits. See a personalised illustration from a qualified lifetime mortgage adviser..

Fluent Lifetime is a Lifetime Mortgage broker, not a lender. They are not limited in the range of lifetime mortgages they will consider for you. Fluent Lifetime does not offer home reversion plans. Fluent Lifetime Ltd. Registered in England and Wales. Company Registration No.11226852. Data Protection Reference number ZA451714. Registered Office: 102 Rivington House, Chorley New Road, Horwich, Bolton BL6 5UE. Telephone 01204 472060

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It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.

Information written by Holly Bennett Published on 11 May 2021. Last updated on 21 June 2021.

What is a lifetime mortgage?

A lifetime mortgage lets you release some of the cash tied up in your home without having to move, if you’re 55 or over. You can take the loan as a lump sum or in smaller amounts, or both. The provider charges interest on the amount you borrow which is either fixed for the lifetime of the loan or capped if it’s a variable interest rate. The loan plus interest is usually paid off once your home is sold, so you don’t have to make monthly repayments, but you also may choose the option to pay some of the interest and loan off.

You borrow against a portion of the value of your home, which must be your main residence. The loan amount can also depend on your age, medical history and lifestyle factors. If you have a particular health condition or smoke, for example, you may be offered an enhanced lifetime mortgage, where you can borrow more and get a lower rate of interest, based on life expectancy. You’ll need to sign a declaration, and the provider may check your medical information with your doctor.

You can carry on living in your home until you die or go into long-term care, and if you take out a joint equity release plan with your partner, one of you can stay even after the other passes away.

If you have any mortgage left to pay on the property, you'll usually need to use the lump sum to pay that first. Otherwise, it’s up to you how you use the money, which might be for:

  • home improvements or adaptations.
  • topping up retirement income.
  • a family holiday or a leisure activity.
  • private health treatment or care bills.
  • a cash gift for family members.

What to consider when choosing a lifetime mortgage

When comparing providers’ lifetime mortgage plans, and thinking about how much you’d like to borrow, consider:

  • The amount of equity you need to release.
  • Whether you want to access it as a lump sum or as smaller amounts, or both.
  • The value of the property you’re securing the loan against.
  • Your age and the age of your partner, if it’s a joint application.
  • If your home is mortgage-free or there’s some left to pay.
  • If you want to ring-fence an amount to leave as an inheritance.
  • If the interest is fixed or variable.

If you think equity release might be right for you, you should consider all your options and talk to an equity release adviser. They can help you find the most cost-effective plan for you, or suggest alternative routes to getting the cash you need.

As well as the interest rate charged, you’ll have initial setup costs, including adviser fees, arrangement fees, legal fees and surveyor’s valuation fees. Our equity release calculator will help you work out how much equity you may be able to release, and show some of your lifetime mortgage options. This is just a guide, so for a personalised illustration, you can speak to an adviser.

Lifetime Mortgages FAQs

What is equity release?

How does equity release work?

What are the different types of equity release?

How do lifetime mortgages work?

What is a home reversion plan?

Is releasing equity a good idea?

Is there a better alternative to equity release?

Who can get a lifetime mortgage?

Can I pay off a lifetime mortgage?

Can I transfer a lifetime mortgage?

Can I remortgage a lifetime mortgage?

Can I sell my house if I have a lifetime mortgage?

Can I buy a house with a lifetime mortgage?

What is Fluent Lifetime?

What services does Fluent Lifetime offer?

About the author:

Holly champions clear, jargon-free writing. She’s been creating finance content for leading organisations for over 10 years, with expertise in insurance, wills and probate, and all things health. Read more

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