Newlife's FSA regulated products are only sold through duly authorised intermediaries, who are regulated, as we are, by the Financial Services Authority. (The FSA is the independent watchdog that regulates financial services in the UK.) The non-regulated products offered by Newlife are also sold through appropriately approved intermediaries, not directly to the public.

Newlife is a SHIP member

Second Home Lifetime Mortgage

For homeowners who wish to raise a cash lump sum against the security of their second home whilst continuing to own and have use of 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.