If your client wants to move home, how do they port their lifetime mortgage?
The Prudential lifetime mortgage can be transferred to another property as long as the new house fits with the conditions of the plan. Call us on 0808 234 5888 for further details.
How can I check how much money my client has left to release with their Increasing Cash Reserve option?
Our Customer Services Team on 0808 234 5888 can confirm the exact amount of money still available based on the conditions of your client's particular plan.
What is the interest rate on further drawdowns?
The prevailing rate will be confirmed at the time of a request. Please contact the Customer Services Team on 0808 234 5888 for more details.
What happens if my client does not want their lifetime mortgage anymore - can they repay it?
Repaying early is an option, but you should remember that this plan is a long-term loan. Therefore, if you repay early there may be extra charges. Details of these charges are available in section 13 of the mortgage offer.
Can they repay part of the lifetime mortgage back at any time?
We don't take partial repayments in the first 12 months from when the funds were released.
My clients have a Prudential Home Equity Release Plan/Prudential Home Equity Plan, who should I contact?
If you have a query about one of these plans or need to update any details, please call 0191 279 6600. Note that calls may be monitored or recorded for quality and security purposes.
Can my client's property be revalued in the future to release more money?
We would require a new application and all fees would be applicable. If there is a significant change in value of the property your client may be eligible for more borrowings.
