Frequently Asked Questions

Ask us a question

You asked: Is the interest fixed at the start of the plan?

This will depend on what type of lifetime mortgage you choose. If you choose the Lifestyle Lump Sum Max option, you take out a lump sum amount and the interest is fixed at the start of the loan. Our Lifestyle Flexible Option means that you take out an initial loan and have access to a reserve of money in the future when you need it. The interest on the initial lump sum you take out is fixed at the start of the lifetime mortgage but money you drawdown from the remaining reserve will be charged at the current interest rate at the time.

Did this answer your question?

Answers others found useful

Back to top