Heritage Product Range in Detail

Customers can enjoy the flexibility of our Heritage Lifetime Mortgages. ERC-free early repayment options available, customers can also choose between Fixed and GILT Early Repayment Charges, and there is no maximum property value.

  • No negative equity guarantee
  • ERC free repayments
  • Porting available
  • Cashback Available
  • Fixed ERCs
  • Variable ERCs
  • Drawdown facility

Conditions and Details

Criteria Information
Age limits Minimum Age: 55
Maximum Age: 85
Property Location England, Wales and Scotland
Property Value Minimum Property Value: £70,000 (£100,000 if ex-council or ex-MOD
Max Property Value: No maximum. Properties over £2 million are to be referred to Pure Retirement
Loan Size Minimum Loan Size: £10,000 (For fees package, minimum £20,000)
Max Loan Size: £1 million for Heritage Plus and Max. £800,000 for all other products
Drawdown Facility Both lump sum and drawdown products are available
Minimum Drawdown Facility: £5,000
Maximum Drawdown Facility: £200,000
Cashback Up to 2% cashback option available with fees package products
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. For Heritage Freedom products, up to 12 payments can be made totalling up to 20% or 40% of the advance amount per year ERC free
Loan to Values (LTVs) Maximum LTV: 56.00% at age 81 and above
Early Repayment Charges (ERCs) A choice of Fixed and GILT 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

Full Heritage Webinar

Heritage Bitesize Overview

Our Products

This website is not intended or approved for customer use. Return to our customer website.