Give us a call: 0330 159 7152
Landmark Mortgages
It’s a mortgage and a ‘linked’ unsecured loan which run side by side. You make one payment to us each month which covers both the mortgage and the loan.
You can stop the income payments at any time, but once we’ve stopped them they can’t be restarted. So, it’s important to be sure that you no longer require the monthly income before you ask us to do this. Interest will continue to be charged to the outstanding balance. You’ll need to write to us …
Yes, you can pay off your lifetime mortgage at any time. To find out how much you owe and how to make the payment, you will need a redemption statement. You can request one by:
Your mortgage is secured against your property, whereas an unsecured loan is not. Your mortgage may be made up of more than one loan, which we call sub accounts. You could have more than one sub account because you took out a further advance on your mortgage. Each sub account has its own account number. …
Yes, you can. You’ll need to write to us to give us the new bank details that you want us to send the payments to. Your letter must be signed by all people named on the mortgage. If you’re unable to provide your signature, please call us on 0330 159 7152 so we can look at …
Yes, there’s no limit to the amount you can overpay by. You can choose to make regular overpayments, for example by paying an extra £100 each month, or lump sum overpayments. Making overpayments will reduce the amount of interest you will pay over the term of your loan. You can find out how to make …
Your lifetime mortgage has a ‘No Negative Equity Guarantee’. This means that if the sale price isn’t enough to pay off the outstanding balance, we won’t ask for the difference to be paid (known as a ‘shortfall’). If you’re worried that the sale price of your property won’t be enough to pay off your lifetime …
Yes. Make your payment in the normal way and then send us a secure message using our secure self-serve facility to tell us which sub account you want the payment to go to. Each sub account has its own account number, so it’s best to quote this. You can find this information on the account …