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.