Lifetime mortgages
What is a lifetime mortgage?
Your property’s worth, minus any existing mortgage or loans secured against it, is called its ‘equity.’ Through a lifetime mortgage, you can access some of your property’s equity, tax free, to use as you wish. This is why you sometimes hear lifetime mortgages referred to as 'equity release'. A lifetime mortgage will reduce the value of your estate and could affect your entitlement to means tested benefits
How much could I borrow?
The amount of money you could potentially access from a lifetime mortgage will depend on a few different factors such as your house value and your age.
Typically, the older you are, the more you can release.
Benefits, drawbacks and alternative options
Although there can be many benefits to a lifetime mortgage, it can also come with drawbacks. Find out more about them as well as what alternative options you might have.
Customer Stories
Hear from existing customers about how they have used the money from a lifetime mortgage and their experience with Standard Life Home Finance.
How much does a lifetime mortgage cost?
Knowing the costs associated with a lifetime mortgage and how to help manage them is important. Learn about how compound interest works and how it might impact the inheritance you leave behind, along with ways you can help manage costs.
Talk to an adviser
You need to get expert advice before you can go ahead with a lifetime mortgage.
If you don’t already have a relationship with a qualified adviser, we can introduce you to lifetime mortgage specialists Key Advice Solutions, who offer honest and bespoke advice.