Designed to let you release a tax-free sum of money in the form of a loan from your property

What is Lifetime Mortgage Lump Sum?

A Lifetime Mortgage Lump Sum is ideal if you’re looking to release a cash amount from your property, which can be used to pay for a specific expense such as home improvements or a holiday.

There is no requirement to make regular monthly repayments as the amount that you release, plus any interest accrued, is repaid from the money made when the property is sold. This happens when you die, move into long-term care or permanently leave the property.

This is a lifetime mortgage. To understand the features and risks ask for a personalised illustration.

To find out if you’re eligible and how much equity you could release from your home, call one of our specialist advisers at Future Wise today.

01302 496 300

Lines open:
Mon to Fri 8am - 8pm
Sat 8am - 9pm

Calls will be recorded and may be monitored for training and audit purposes.


It's a big decision to make, so it's important you make the right choices when thinking about releasing money from your property.

Advantages of Lump Sum

Products are available from the age of 55

The cash you release is tax-free and can be spent as you wish

You continue to own your home, thereby benefiting from any future increase in its value

There is no requirement to make monthly repayments

The ‘no-negative-equity’ guarantee ensures that you can never pass on debt to your estate

Products can allow you to protect a percentage of your property value so that your family could inherit a part of the property value

No more monthly repayments for your mortgage as it is a condition that you pay off your mortgage with the money you release from your home

Things to Consider

The size of the lifetime mortgage will grow over time. This is because interest is added to the original loan amount and it continues to roll up as future interest is added on top of this

If you want to increase the amount of equity released beyond the original amount agreed, you would normally have to apply for a further advance, which would not be guaranteed

The amount that you will leave as an inheritance will be reduced

If you wish to pay off the equity release product early, you may have to pay an early repayment charge, these differ from product to product

In some cases the lump sum of money that you release could affect your entitlement to any means-tested benefits that you may receive now or in the future.

Try our free Equity Release Calculator

Equity Release Calculator

Discover how much money you could access through equity release with the free online equity release calculator below. It’s quick and easy to use.

We know your home is important to you,
that’s why lifetime mortgages
are clear and straightforward


Rather than just receiving a one-off lump sum, you have the option to release your cash over time, as and when you need it.

Need help?

our Advisors are here throughout the day to help with any questions you may have

0800 123 456
Mon to Fri - 9am - 5pm
Sat - 9am - 1pm
calls may be recorded for training and compliance purposes