more 2 life

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One of the great things about a lifetime mortgage is the fact that you don't have to make monthly repayments - instead, the loan amount plus roll-up interest will typically be repaid from the sale of your home when you pass away or move into long-term care. 

Sometimes, though, it's nice to have repayment options available. This allows you to control how much you'll owe when the plan does come to an end. Instead of complicated repayment plans with no flexibilty, some of our plans allow you to repay up to 12% of your original loan amount each year, without incurring an early repayment charge. 

Fair and simple early repayment charges (ERC)

Fixed Early Repayment Charges - The majority of our plans have fixed ERCs, so you'll always know what the charge will be.

Downsizing Protection - You could be covered by downsizing protection, allowing you to repay your plan without an early repayment charge (ERC) if you decide to move into a home outside our lending criteria. This is applicable after an initial five year period.  

Early Repayment Charge Waiver - You may also have the ERC waived if you choose to repay your plan within three years of your spouse or partner passing away or moving into long-term care.