Lifetime Mortgage
For homeowners who wish to raise a cash lump sum against the security of their home whilst continuing to own and live in the property for life.
Interest is charged and added onto the balance of the loan, without any ongoing repayments. On the sale of the property the loan and compounded interest are repaid from the sale proceeds.
Please note that Newlife does not sell its products directly to individual customers and its range of products are available only through a number of duly authorised and approved intermediaries.
This is a lifetime mortgage. To understand the features and risks, ask for a personalised illustration.