Select Page
Home » News » News » New Lifetime Mortgage product for loans up to £2 Million

Retirement Advantage has introduced a new Lifetime Mortgage product, Prestige Options which provides a tax-free, one-off cash payment for higher loan amounts. No payments are due and interest is added to the loan each month.

Prestige Options offer:

  • Maximum loan amount of £2 million
  • Minimum applicant age of 60
  • Maximum property value £6 million, properties above £6 million considered on a case by case basis
  • Free valuations, uncapped
  • Fixed early repayment charges (ERCs). In place for the first 10 years of the initial advance or additional borrowing withdrawal.
  • No affordability assessments.
  • Option to add a cash reserve facility, for an additional MER of 0.2%

If you are interested in this product or would like more information call us on 01223 329666 for a no obligation chat.

We can visit you

Let us know when is convenient to call round

You can visit us

Come to see us in Cambridge, we have parking

We can call you

Arrange to discuss everything over the phone

We are proud to be members of these organisations