Scottish Building Society

Scottish Building Society

Phone: +44 (0)131 313 7700,
Fax: +44 0131 313 7711

Lifetime Mortgage

Scottish Building Society offers a Lifetime Mortgage for people aged 65 and over who are looking to release some equity from their home.
Loan Amount
£30,000 - £300,000
Interest Rate
Please see our interest rate information pages for full details.
The minimum age at time of application is 65. For joint applications, both applicants must be aged at least 65. There is no maximum age.
You may make overpayments on your mortgage to reduce the capital. If this is during the initial period where Early Repayment Charges apply you may repay up to 10% of the capital balance of the mortgage each year without penalty.

Once any period where Early Repayment Charges are applicable has elapsed you may make capital reductions without limit or penalty to reduce the balance of the loan.


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