Equity rich but cash poor? Our Retirement Lifestyle Booster could help

21 Apr 2022

Our Retirement Lifestyle Booster - a real alternative to equity release. 

Our Retirement Lifestyle Booster is a 10 year standard Interest-Only mortgage that gives borrowers access to the money tied up in their home. It provides borrowers with a monthly income, as well as an optional lump sum at the start of the mortgage. 

Monthly payments cover the 'average' interest due, ensuring interest doesn't build up like it can do for equity release. At the end of the 10 year period, your client will only owe what they originally borrowed.

The money could be used for a home improvements, holidays and new experiences as well as supporting children and grandchildren with a house purchase or university costs.

What are the unique features?

  • 10 year term on a discounted variable rate
  • Clients must be aged 60 to 79 at the time of application 
  • Clients can borrow up to 25% of the value of their home
  • Fixed monthly advances - a regular fixed monthly payment for 10 years, unless your client wants to stop earlier
  • Optional lump sum available at the start of the mortgage
  • Variable monthly repayments for the 'average' interest due over the 10 years of the loan
  • Our Retirement Lifestyle Booster is a standard mainstream product, not a lifetime or hybrid product. 

Find out more about our Retirement Lifestyle Booster and see how much your clients may be able to borrow

We have a team of BDMs ready, willing and able to answer any of your queries and guide you through the application process. If you don’t have a BDM in your area, you can contact our dedicated Mortgage Desk.

Affordability Calculator

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator

Find Your Local

Business Development Manager

Your Local BDM:

Arif Kara

Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan, previously a mortgage broker, focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Grace Bennett

Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Your Local BDM:

Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands as well as the Southwest. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:

Opening hours: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon

We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.

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