Customers can enjoy the flexibility of our Heritage Lifetime Mortgages. ERC-free early repayment options available. Heritage Special now has no arrangement fees.
|Minimum Age: 55
Maximum Age: 85
|England, Wales and Scotland
|Minimum Property Value: £70,000
Max Property Value: No maximum.
|Minimum Loan Size: £10,000
Max Loan Size: £800,000
Both lump sum and drawdown products are available
Minimum Drawdown Facility: £5,000
Maximum Drawdown Facility: £200,000
|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.
|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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