Lifetime mortgage features
Drawdown plans are a specific type of lifetime mortgage. They give you the option of setting aside a sum of money to draw from in the future following an initial lump sum, should you need to. These plans can be used to reduce the overall cost of your equity release plan, as you only pay interest on the amount you release, and give you more flexibility.
Drawdown additional money in the future
Guarantee an inheritance
With some of our plans, you can choose to guarantee a percentage of your home’s future value as an inheritance for your loved ones through inheritance protection. This is a great way to ensure your family can still benefit from your estate.
Release more cash with an enhanced plan
If you or your partner have any health conditions or make certain lifestyle choices, you may be able to release more money through an enhanced lifetime mortgage. Health issues, such as diabetes, heart problems or high blood pressure are typical examples of how you could qualify.