What happens when it’s time to sell the house?

A lifetime mortgage can be repaid in any way really, but it’s usually using money from selling the property. It is the responsibility of you or your representatives to repay the lifetime mortgage when the time comes, and it’s important to plan ahead. If you die and have a Will in place, the property will be sold by an executor looking after your estate – if there's no Will, administrators will sell it. Any money that’s left over after the lifetime mortgage has been repaid belongs to you or your estate.

Download our guide to repaying your Lifetime Mortgage (PDF 107KB).