Lifetime Home.A reverse mortgage alternative.
Access some of the value in your mortgage-free home without taking on debt or interest, with Lifetime Home.
Receive regular payments to help with day-to-day living, while you continue enjoying retirement in the home you love.
With a 10-year Lifetime Home Agreement, you know from the outset that Lifetime will only ever own up to 35% of your home.
Reverse mortgage
Debt
50–100%
security taken by the bank
Homeowners interested in equity release should seek professional advice on whether Lifetime Home or alternative products, such as a reverse mortgage, are more appropriate for their individual circumstances.
There is certainty and transparency over the equity you retain from the outset.
After 1 year
After 10 years
After 13 years (on a 10-year agreement)
Lifetime Home Fundamentals
Minimum age
70+
If a couple, the youngest must be 70+
Term
1–10 years
Up to 10 years, plus 5‑year optional extension
Value sold each year
up to 3.5%
each year on a 10‑year agreement
Value paid each year
2.5%
$22,700 after ongoing fees, on a $1m home
Clients stay in control. We commit to buying 3.5% a year for ten years, but the client can stop at any time with no penalties. Lifetime will never own more than 35% of your home on a 10‑year agreement.
Live in your home for as long as you choose – and it’s safe to do so.
Agreement: With Lifetime Home, homeowners agree to sell a portion of their home’s equity at a discount in exchange for regular fortnightly payments over 10 years.
No mortgage