Access Funds from Your Lifetime Mortgage

If your lifetime mortgage has a drawdown facility, you may still have money left to access. After six months from receiving your initial lump sum, you can request access to your drawdown facility, subject to a minimum withdrawal of £2,000 and a maximum of four withdrawals in each 12 month period from the start of your lifetime mortgage.

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Drawdown Facility

If you still have funds available and wish to drawdown some or all of the facility, please follow the instructions below.

Please fill in the following form to allow us to process your request. We will then send you an Offer document to illustrate the impact of the further borrowing, which will include an acceptance form for you to return to us. In some cases, we may need to contact you to discuss your responses.

If you decide to access further funds this will increase the amount you owe us, and the additional amount you borrow will be charged at current interest rates. This will be included in the Offer document. You may wish to speak with your equity release adviser first before completing the below form to see if using your drawdown facility is the right choice for you at this time, or if you’re unsure about your options. Note that by completing the below form you are not committing to anything, and so could choose to speak to your adviser once we have sent you the Offer document.

Power of Attorney

You can fill in the form below if you are acting on behalf of the account holder because you have power of attorney. If this has not been registered with us yet then you will need to contact us on 020 4525 7754 before you can request further funds on behalf of the account holder.

I confirm that the mortgage account has a drawdown facility and at least 6 months has passed since the start of the mortgage

Who is completing this application?

This helps us ensure we have the correct details for the application process.

Is this a joint account?

Yes

Account Holder Details

First name

Last name

Flat number

Building number

Building name

Street

Address line 3

City

County

Postcode

Email address

Phone number

Mortgage Account Number (e.g. 451000038)

What will the funds be used for?

Each category can only be selected once. If you need to request funds for the same category more than once, please combine the amounts into a single entry for that category.

Total amount you wish to access: £0

Bank details

Who is your bank account with?

What is the name(s) on the bank account?

Sort code

Account number

How would you like to receive correspondence from us?

I have a change in my personal circumstances or support needs

By checking this box you consent to us keeping a record of this information

Submit your request and we'll review it as soon as possible. Funds are typically available within 2 weeks.

We will notify your original adviser about your drawdown request.