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.
  • Maximum LTVs 23.00% to 38.50%
  • Drawdown facility available
  • Partial repayments up to 10% of loan annually via monthly direct debits
  • Fixed ERCs
  • Rates personalised for your customers
View this plan

Classic

  • Loans from £10,000 - £2 million
  • No maximum property value
  • Maximum LTVs 22.50% - 48.00%
  • Drawdown facility available
  • Partial repayments up to 10% of loan annually via monthly direct debits
  • Rates personalised for your customer
View this plan

Heritage

  • Loans from £10,000 - £800,000
  • No maximum property value
  • Maximum LTVs from 10.00% to 50.50%
  • Drawdown facility available
  • Partial repayments up to 10% of loan annually
  • Fixed ERCs
  • Interest servicing available
View this plan

Emerald

  • Loans from £10,000 - £1,500,000
  • No maximum property value
  • Maximum LTVs 23.00% - 49.00%
  • Drawdown facility 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
  • Maximum LTVs from 10% to 37%
  • Drawdown facility available
  • Partial repayments ERC free up to 20% or 40% of loan 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. The flexible pricing option is available on two new products, Sovereign Lumpsum Flex and Sovereign Drawdown Flex.

Sovereign Range logo
Offering wide ranging LTVs and underwriting criteria, the option of 4% cashback and a unique, personalised quote depending on the client’s exact borrowing requirements. Direct debits available helping customers schedule up to 12 repayments per year, with a 10% ERC-free partial repayment allowance.
More information

Fixtures:

  • Drawdown facility available
  • 4% cashback available
  • Arrangement fee free option
  • Free valuation for initial advances for properties below £2 million
  • ERC exemption for joint plans on death of the first customer
  • Monthly direct debits available for partial repayments

Documents

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Loans from:

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

Extras:

  • Drawdown facility available
  • Free valuation for initial advances
  • 4% cashback available
  • Monthly direct debits available for partial repayments

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. The flexible pricing option is available on two new products, Classic Lumpsum Flex and Classic Drawdown Flex.

Classic Range logo
Offering some of the lowest lifetime mortgage rates in the market and a unique, personalised quote depending on the clients exact borrowing requirements. Direct debits available helping customers schedule up to 12 repayments per year, from the product’s allowance of 10% ERC-free partial repayments.
More information

Fixtures:

  • Personalised quote based on loan amount, age, property value, property type and location
  • Fixed ERCs
  • ERC free partial repayments allowed
  • Downsizing protection
  • Mortgage Porting available
  • ERC exemption for joint plans on death of the first customer
  • Free EPC valuation for new Classic customers

Documents

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Loans from:

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

Extras:

  • Drawdown facility available
  • Free valuation for initial advances
  • No arrangement fee
  • Monthly direct debits available for partial repayments

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 provides some of the widest-ranging LTVs on the market, with Heritage Special 3 offering up to 40% LTV at age 70, and 50.5% from age 80. Benefit from interest servicing, up to 5% cashback on selected products, no upfront arrangement fees, and up to 10% ERC-free partial repayments per year.
More information

Fixtures:

  • Interest servicing offering an interest rate discount of up to 1%
  • Fixed ERCs
  • Mortgage Porting available
  • ERC-free partial repayments available (not available while servicing interest)
  • Lumpsum and drawdown lifetime mortgages
  • Mortgage porting available
  • Cashback available on selected products

Documents

View all documents

Loans from:

£10,000 - £800,000

Extras:

  • Interest servicing available on Heritage range (exc. Heritage Freedom)
  • Free valuation for initial advances
  • Wide-ranging LTVs
  • Monthly direct debits available for partial repayments
  • No upfront arrangement 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

Introducing our Emerald range, available to applicants aged 55 - 90, with LTVs ranging between 18 - 49%

Emerald Range logo
Offering mid to high LTVs and a unique, personalised quote depending on the client's exact borrowing requirements. Direct debits available, helping customers schedule up to 12 repayments per year, and allowing up to 12% ERC-free partial repayments per year.
More information

Fixtures:

  • Drawdown facility available
  • Personalised quote based on loan amount, age, property value, property type and location
  • Fixed ERCs
  • 12% ERC free partial repayments allowed
  • Downsizing protection
  • Mortgage porting available
  • ERC exemption for joint plans on death of the first customer

Documents

View all documents

Loans from:

£10,000 - £1,500,000

Extras:

  • No arrangement fee
  • Free valuation for initial advances
  • Monthly direct debits available for partial repayments

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
Freedom 20 and Freedom 40 allow up to 20% or 40% ERC free optional repayments, and 12 payments can be made within a year. Both come with fixed ERCs, and a choice of either lump sum or drawdown facilities.
More information

Fixtures:

  • ERC free repayments up to 20% or 40% of advances
  • Fixed ERCs
  • Mortgage Porting available
  • ERC exemption for joint plans on death of the first customer

Documents

View all documents

Loans from:

£10,000 - £800,000

Extras:

  • Drawdown facility available
  • 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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