In each 12 month period, starting from the anniversary of when your lifetime mortgage completed, you're able to repay up to 10% of the total amount you have borrowed without making an Early Repayment Charge. Your annual statement will provide details of your initial loan amount and any additional borrowing you have taken.
When you call us we'll tell you if you need to make an Early Repayment Charge because you have exceeded your 10% allowance. If you’re unsure, then please call our customer services team on 03330 048 444. Monday to Friday 8.30am to 5.30pm. We may record and monitor calls.