Lifetime Mortgage
Unlock some of the equity in your home
The Lifetime Mortgage is a special kind of loan for homeowners aged sixty and over. Although it’s secured on your property, there are no monthly payments to make and it is designed to help you remain in your home for as long as you wish.
A Lifetime Mortgage allows you to benefit from the financial investment you’ve made in your house with absolutely no worries of having to give it up.
Interest will be added to your loan and the full amount is paid back when your home is eventually sold following your death (or the death of the second borrower if it is a joint application) or if you move into long-term care or sheltered accommodation.
We’ve created various product options to suit different needs. You must seek advice before applying for a Lifetime Mortgage. Contact us on 0845 60 50 500, visit your nearest northern rock branch or speak to your Independent Financial Advisor. If you are an independent financial advisor, please visit the intermediaries home page for information on Lifetime products.
Calls may be recorded and monitored.
THIS IS A LIFETIME MORTGAGE. TO UNDERSTAND THE FEATURES AND RISKS, ASK FOR A PERSONALISED ILLUSTRATION.