Customers can enjoy high LTVs and the option of 4% cashback on the Emerald range via a personalised quote depending on the client's exact borrowing requirements. Up to 12% ERC-free partial repayments can be made via Direct Debits with the security of fixed ERCs.
Criteria | Information |
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Personalised Quote | Customers will recieve a unique quote based on their loan amount, age, property value, property type and location. Log into our KFI Portal to get an exact quote for your customer. |
Age limits | Minimum Age: 55 Maximum Age: 95 |
Property Location | England, Wales and Mainland Scotland |
Property Value | Minimum Property Value: £120,000 (£150,000 if ex-local authority) Max Property Value: £2 million in England (£1 million in Scotland and Wales) |
Loan Size | Minimum Loan Size: £10,000 (cashback products £20,000) Max Loan Size: £950,000 |
Drawdown Facility | Both lump sum and drawdown products are available Minimum Drawdown Facility: No minimum Maximum Drawdown Facility: Dependent on the maximum loan-to-value for the customer Minimum release from drawdown facility: £500 |
Cashback | 4% cashback of the initial loan amount is available on selected products |
Partial Repayments | Up to 12 payments can be made up to 12% of the advance amount per year early repayment charge (ERC) free. The minimum partial repayment amount is £50. |
Loan to Values (LTVs) | Maximum LTV is 29.50% - 57.50% depending on age |
Early Repayment Charges (ERCs) | Early Repayment Charges are fixed. 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 | If the intial advance has completed over 5 years ago and the new property does not meet the prevailing lending criteria, then the borrower(s) may repay the entire loan ERC-free. |
Direct Debits | Monthly Direct Debits of a regular amount can be set up for partial repayments on these products. ![]() |
Full Emerald Treasure Hunt Terms and Conditions can be found here.
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