Customers can enjoy the flexibility of our Heritage Lifetime Mortgages. ERC-free early repayment options available. Heritage Special now has no arrangement fees.
Customers can enjoy the flexibility of our Heritage Lifetime Mortgages. ERC-free early repayment options available. Heritage Special now has no arrangement fees.
No negative equity guarantee
ERC free repayments
Porting available
Fixed ERCs
Variable ERCs
Drawdown facility
| Criteria | Information |
|---|---|
| Age limits | Minimum Age: 55 Maximum Age: 85 |
| Property Location | England, Wales and Scotland |
| Property Value | Minimum Property Value: £70,000 Max Property Value: No maximum. |
| Loan Size | Minimum Loan Size: £10,000 Max Loan Size: £800,000 |
| Drawdown Facility |
Both lump sum and drawdown products are available Minimum Drawdown Facility: £5,000 Maximum Drawdown Facility: £200,000 |
| Partial Repayments | Up to 6 payments can be made of up to 10% of the advance amount per year ERC free. The minimum partial repayment amount is £500. |
| Loan to Values (LTVs) | Maximum LTVs 10.00 - 50.50% |
| Early Repayment Charges (ERCs) | Fixed ERCs are available. For more details, please see the ERC guide. |
| Set up Costs | For set-up costs please see the Tariff of Charges. |
| Porting | The lifetime mortgage can be transferred to a new property, subject to it meeting lending criteria at the time. |
| Downsizing ERC Exemption | There is no downsizing ERC exemption covered in the Heritage plans |
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