What if I want to move?
Published 18/03/2016 11.42 AM | Updated 28/03/2017 10.42 AM
A lifetime mortgage is a long-term commitment and you shouldn't consider one if you think you may move in the near future. However, if you decide to move, you may be able to transfer your lifetime mortgage with you to your new property subject to it meeting our lending criteria. We'll allow you to transfer your lifetime mortgage to a smaller property as long as this also meets our lending criteria. We won't charge you any penalties if we require you to repay part of the loan early because you're moving. Please note that you'll have to meet the actual costs of moving home.
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