Product Solutions

As experts in later life lending, our lifetime mortgages are designed to lay the foundations for your customers' retirement solutions.

Our lifetime mortgages

Whether you know which lifetime mortgage your client needs, or you'd like some guidance, we have retirement solutions that cater for a wide variety of circumstances. Explore how we design, monitor, and review our lifetime mortgages for customers in our target market and product fair value statement.

Sovereign

  • Loans from £10,000 - £2 million
  • No maximum property value
  • LTVs from 23.00% - 38.50%
  • Lump sum and drawdown available
  • Up to 10% ERC-free optional partial repayments annually
  • Fixed ERCs
  • Rates personalised for your customers
View this plan

Classic

  • Loans from £10,000 - £2 million
  • No maximum property value
  • LTVs from 22.50% - 48.00%
  • Lump sum and drawdown available
  • Up to 10% ERC-free optional partial repayments annually
  • Fixed ERCs
  • Rates personalised for your customer
View this plan

Heritage

  • Loans from £10,000 - £800,000
  • No maximum property value
  • LTVs from 10.00% - 50.50%
  • Lump sum and drawdown available
  • Up to 10% ERC-free optional partial repayments annually
  • Fixed ERCs
  • Interest servicing available
View this plan

Emerald

  • Loans from £10,000 - £950,000
  • No maximum property value
  • LTVs from 23.00% - 49.00%
  • Lump sum and drawdown available
  • Partial repayments up to 12% of loan annually via monthly direct debits
  • Fixed ERCs
  • Rates personalised for your customers
View this plan

Heritage Freedom

  • Loans from £10,000 - £800,000
  • No maximum property value
  • LTVs from 10.00% - 37.00%
  • Lump sum and drawdown available
  • Up to 20% or 40% ERC-free optional partial repayments annually
  • Fixed ERCs
View this plan
Open all plans

Sovereign Range

Introducing Sovereign Flexible Pricing offering customers a personalised quote based on several factors including age, loan amount, property type and postcode.

Sovereign Range logo
Our Sovereign range offers wide-ranging lending criteria to suit a variety of client scenarios. Benefit from up to 4% cashback, a 21-day KFI guarantee, and up to 12 repayments per year, with a 10% ERC-free optional partial repayment allowance.
More information

Fixtures:

  • Fixed ERCs
  • Drawdown facility
  • Sovereign Elite available for loan sizes about £1m
  • Up to 4% cashback available
  • ERC exemption for joint plans on death of the first customer
  • 10% ERC-free optional partial repayments
  • ERC exemption for joint plans on the death of the first customer
  • Downsizing protection from day 1

Documents

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Loans from:

Loans from £10,000 - £2 million. Refer if over £2 million

Highlights:

  • Monthly direct debits available for optional partial repayments
  • No upfront initial loan fees
  • Single applications for married clients
  • 100% flat roofs acceptable
  • Up to 20 acres of land acceptable

LTVs:

23.00% to 38.50%

Property value:

£70k – no maximum
** refer to Pure if over £6 million

Available to clients aged:

55 to 85

Classic Range

Introducing Classic Flexible Pricing offering customers a personalised quote based on several factors including age, loan amount, property type and postcode.

Classic Range logo
Classic lifetime mortgages offer LTVs up to 48%, personalised interest rates, no upfront initial loan fees and up to 10% ERC-free optional partial repayments, with a maximum of 12 repayments per year.
More information

Fixtures:

  • Fixed ERCs
  • Classic Elite available for properties above £2m
  • 10% ERC-free optional partial repayments
  • Downsizing protection
  • Drawdown facility
  • Mortgage porting available
  • ERC exemption for joint plans on death of the first customer

Documents

View all documents

Loans from:

£10,000 - based on the maximum property value and LTV
Up to £2 million for Elite products

Highlights:

  • No upfront initial loan fees
  • Competitive interest rates
  • Monthly direct debits available for optional partial repayments
  • No upfront fees (no valuation or arrangement fees)
  • Flexible pricing on drawdowns
  • Free EPC valuation for new Classic customers

LTVs:

Maximum LTVs: 22.50% - 48.00% depending on age

Property value:

£125,000 - £2 million for standard range
No maximum property value for Elite products

Available to clients aged:

55 to 84

Heritage Range

Introducing interest servicing on our Heritage lifetime mortgages (excluding Heritage Freedom).

Customers can make monthly payments of at least 25% of the monthly interest and benefit from an interest rate discount of up to 1% depending on the Heritage lifetime mortgage chosen. Customers can take a payment holiday of up to three monthly payments in every 12-month period, and have the option to stop making monthly payments at any time.

Heritage Range logo
Our Heritage range offers LTVs up to 50.5%, interest servicing option, cashback on selected products, no upfront initial loan fees and up to 10% ERC-free optional partial repayments, with a maximum of 6 repayments a year.
More information

Fixtures:

  • Fixed ERCs
  • Up to 5% cashback on Heritage Special 3
  • 10% ERC-free optional repayments
  • Drawdown facility
  • Mortgage porting available
  • ERC exemption for joint plans on death of the first customer

Documents

View all documents

Loans from:

£10,000 - £800,000

Highlights:

  • Interest servicing available on Heritage range (exc. Heritage Freedom)
  • Free valuation for initial advances for properties up to £2 million
  • Wide-ranging LTVs
  • Monthly direct debits available for optional repayments
  • No upfront initial loan fees

LTVs:

Maximum LTVs from 10.00% to 50.50%

Property value:

£70k - No maximum

Available to clients aged:

55 to 85 (depending on product)

Emerald

Emerald Range logo
Our Emerald range offers LTVs up to 49%, 7-year ERCs, no upfront initial loan fees and up to 12% ERC-free optional partial repayments, with a maximum of 12 repayments a year.
More information

Fixtures:

  • Fixed 7-year ERCs
  • 12% ERC-free optional partial repayments
  • Downsizing protection
  • Mortgage porting available
  • ERC exemption for joint plans on death of the first customer
  • Drawdown facility

Documents

View all documents

Loans from:

£10,000 - £1,500,000

Highlights:

  • No upfront initial loan fees
  • Monthly direct debits available for optional partial repayments
  • Free valuation for initial advances
  • Owned and leased solar panels considered

LTVs:

Maximum LTVs 23.00 - 49.00% depending on age

Property value:

No maximum

Available to clients aged:

55 to 90

Heritage Freedom Range

Heritage Freedom Range logo
Heritage Freedom offers market-leading partial repayment flexibility, allowing up to 20% or 40% ERC-free repayments yearly, with a maximum of 12 payments per year.
More information

Fixtures:

  • Fixed ERCs
  • Drawdown facility
  • Mortgage porting available
  • ERC exemption for joint plans on death of the first customer

Documents

View all documents

Loans from:

£10,000 - £800,000

Highlights:

  • Flexible repayment terms, allowing up to 20% or 40% ERC-free repayments yearly
  • Free valuation

LTVs:

Maximum LTVs from 10% to 37%

Property value:

£70k - No maximum

Available to clients aged:

55 to 85
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