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Lump Sum Lifetime Mortgages

Know exactly how much money you need and want to receive it all at once, a Lump Sum Lifetime Mortgage could be the right solution.

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Receive A Single Tax-Free Payment From The Value Of Your Home

If you know exactly how much money you need and want to receive it all at once, a Lump Sum Lifetime Mortgage could be the right solution.

A Lump Sum Lifetime Mortgage allows eligible homeowners aged 55 and over to unlock a single tax-free payment from the value of their home while continuing to live there. Whether you’re planning home improvements, repaying an existing mortgage, helping family members financially or funding your retirement, this type of Lifetime Mortgage gives you access to the money upfront.

At Fluent Money, our specialist advisers can help you understand how a Lump Sum Lifetime Mortgage works and whether it’s the right option for your circumstances.

Speak To A Lifetime Mortgage Adviser Today

Could A Drawdown Lifetime Mortgage Be Right For You?

Are aged 55 or over

Own your own home

Want to stay living in your property

Know how much money you need

Have a large planned expense

Prefer to receive your funds in one payment

What Is A Lump Sum Lifetime Mortgage?

A Lump Sum Lifetime Mortgage is a type of Lifetime Mortgage that allows you to release a single tax-free payment from the value of your home.

Unlike a Drawdown Lifetime Mortgage, where funds can be taken over time, the agreed amount is released in one payment after your application has been completed.

You continue to own your home and can remain living there for the rest of your life or until you move into long-term care.

The loan is usually repaid from the sale of your property when the mortgage comes to an end.

 

Important information

You should always think carefully before securing a loan against your property.

A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits. Clearing an existing mortgage with a lifetime mortgage may result in higher cost of borrowing. Mortgage Advice Bureau charges a fee for later life mortgage advice. The fee is up to £1,295

Why Choose A Lump Sum Lifetime Mortgage?

A Lump Sum Lifetime Mortgage is often chosen by homeowners who have a specific financial goal in mind.

Receive Your Money Upfront

Access the full agreed amount in one tax-free payment.

Plan Larger Expenses

Ideal for homeowners who already know how much money they need.

Stay In Your Home

Unlock the value in your property without having to move.

Flexible Repayment Options

All products allow voluntary repayments to help manage the overall cost of borrowing.

Fixed Interest Rates

Most Lifetime Mortgages offer a fixed interest rate for life, giving certainty over how interest is calculated.

How Does A Lump Sum Lifetime Mortgage Work?

Step 1

Step 1

Speak with a specialist adviser
Discuss your circumstances, financial needs, and long-term goals with one of our later life lending experts.
Step 2

Step 2

Explore your options
We’ll explain the later life lending solutions available to you and, if a Lifetime Mortgage is suitable, compare products from our panel of lenders.
Step 3

Step 3

Receive your funds and stay in your home
You can continue living in your home, with the loan typically repaid when the property is sold.

Lump Sum Or Drawdown Lifetime Mortgage?

Both are types of Lifetime Mortgage, but they work differently.

 

Lump Sum Lifetime Mortgage

Drawdown Lifetime Mortgage
Receive all funds upfront Withdraw money as needed
Suitable for planned large expenses Suitable for ongoing flexibility
Interest applies to the full amount released Interest only charged on withdrawn funds
Ideal when you know exactly how much you need Ideal if you may need more money later

 

If you’re unsure which option may suit you best, our advisers can help you compare the available solutions.

Learn More About Drawdown Mortgage

Customer Scenarios

“I’m planning a major home renovation.”

A Lump Sum Lifetime Mortgage could provide all the money you need upfront to complete your project.

“I want to repay my existing mortgage.”

Many homeowners use a Lump Sum Lifetime Mortgage to clear an outstanding mortgage and simplify their finances during retirement.

“I’d like to help my children buy their first home.”

Receiving a single lump sum can allow you to gift money to family members when they need it most.

“I’ve planned exactly how much money I need.”

If you don’t expect to need additional borrowing later, a Lump Sum Lifetime Mortgage may provide a simple solution.

Why People Choose Fluent Money

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Specialist Later Life Lending Advice
Our advisers understand the different borrowing options available in later life, from Lifetime Mortgages and Retirement Interest Only Mortgages to Home Reversion Plans. We’ll help explain your options clearly, so you can make an informed decision.

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Access To A Wide Panel Of Lenders
We work with a broad panel of leading later life lenders, helping us find solutions that are tailored to your circumstances, goals and future plans.

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Solutions Tailored To Your Needs
Whether you’re looking to release equity, reduce monthly outgoings, support family members or refinance existing borrowing, we’ll help you explore the options that best suit your situation.

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Support From Start To Finish
From your first conversation through to completion, we’ll guide you through every stage of the process, keeping everything straightforward and helping you feel confident in your decisions.

FAQs

A Lump Sum Lifetime Mortgage allows you to release a single tax-free payment from the value of your home while continuing to live there.

Yes. It is one of the ways you can access money through a Lifetime Mortgage, which is the most common form of Equity Release.

The amount available depends on factors such as your age, property value and lender criteria.

Many modern products allow voluntary repayments towards the interest or capital, depending on the lender and product.

Many Lifetime Mortgages are portable, allowing you to move home in the future, subject to lender approval.

If you know exactly how much money you need now, a Lump Sum Lifetime Mortgage may be suitable. If you think you’ll need additional funds later, a Drawdown Lifetime Mortgage could provide greater flexibility.

Find Out Whether A Lump Sum Lifetime Mortgage Is Right For You

If you have a planned expense or know exactly how much money you need, a Lump Sum Lifetime Mortgage could help you unlock the value in your home while continuing to live there.

Our specialist advisers are here to explain your options, answer your questions and help you choose a solution that supports your retirement goals.

Get A Free Quote Today

Why Our Customers Recommend Fluent Money®

We’re one of the UK’s favourite finance brokers. Don’t believe us? See what our customers have to say:

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The Team were fantastic and very thorough

I had fantastic experience with Fluent Money. All of their employees were extremely helpful and efficient from the start throughout the whole process. One can’t compare it to a standard high street bank. I would highly recommend this company as they really care and make sure they choose the lender that suites their customer’s circumstances.

Sarka Ptackova
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Amazing Service

I approached fluent for some help for a consolidation loan. A few worries before calling but they were all soon put to rest. Matt initially helped me find the right deal and then Abby went on to seal the deal. Thanks to their knowledge and advice i am now a lot more comfortable and i cant thank them enough. Very quick turn around. I highly recommend Fluent. If you have money concerns it really is good to talk. Thank you.

Stephen Donkin
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I would 100% recommend them

Amazingly helpful they took care of everything taking out the stress of having to deal with it myself I would 100% recommend them first with James who helped me look for the best loan then Simon who took care of all the paperwork thanks guys

Sam Jones
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Excellent

Excellent! I have used this company for a second charge loan for consolidation of another loan and additional funds for a house renovation. George was brilliant, knowledgeable, proactive and efficient. Nothing was too much trouble. I would highly recommend this company!

 

Holly Mullis
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Securing my loan

Very clear information and great service

Russell Smith

Who We Work With

We work with leading second charge mortgage lenders across the market to match you with the right deal.

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Fluent Money

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