Designed to let you borrow a little now, and more in the future

What is Lifetime Mortgage Drawdown?

With a Lifetime Mortgage Drawdown you can access your money with a lot of flexibility. 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. Because you only pay interest on the cash that you have taken, these products can often prove to be a cost-effective method.

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 free 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 Equity Release

The cash you release is tax-free and can be spent as you wish
Access your money with flexibility, you can release equity over time, as and when it suits you

It’s cost-effective because you only pay interest on the cash you choose to take out

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

There are no monthly repayments to make with a Lifetime Mortgage Drawdown

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     

Things to Consider

The size of the mortgage will grow over time, this is because of the roll up of interest

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 and may be time limited. You would need to seek product T&Cs for more details

The amount that you will leave as an inheritance will be reduced each time you release money

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


If you need to release equity for a specific one-off expense such as home improvements or to pay university fees, it may be better to borrow a one-off lump sum.

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

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Futurewise is a trading style of Ashcroft Financial Solutions Ltd which is authorised and regulated by the Financial Conduct Authority number 231629 Find us on the FCA Website here.
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