Can I end the lifetime mortgage early?

Our lifetime mortgages are designed to last for the rest of your life, so it might not be right for you if you’re planning to pay it off early.

You can end your lifetime mortgage early by paying off the loan and the interest, but you might have to pay a substantial early repayment charge to do so. We offer fixed percentage or gilt index early repayment charges, and you have to choose one when you set up the lifetime mortgage. If you want some more information about how our early repayment charges work, we have a booklet about each.

You can get a copy from your equity release adviser, by giving us a ring on 0800 141 3493, or downloading your own copy from our website:

For gilt index early repayment charges explained visit

For fixed early repayment charges explained visit

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