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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.

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We are proud to be members of the Equity Release Council, the NACFB, the Later Life Academy and the National Skills Academy

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