Customers can enjoy the flexibility of our Heritage Lifetime Mortgages. ERC-free early repayment options available. Heritage Special now has no arrangement fees.
|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
Both lump sum and drawdown products are available
Minimum Drawdown Facility: £5,000
Maximum Drawdown Facility: £790,000
|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 - 50.00%
|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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