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LLB Later Life Borrowing

Lump sum lifetime mortgage calculator

A lump sum lifetime mortgage gives you all the money in one go. With no monthly payments, the interest is added to the balance each year and then itself earns interest, so the amount owed grows steadily. This tool shows exactly how the balance rolls up year by year.

Assumes a single fixed interest rate and no voluntary repayments. The balance is repaid when the home is sold.

Balance after 20 years

£303,000

Balance year by year
YearBalance owedInterest added so far
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This is an illustration, not a quote or advice. It assumes the rate never changes and that you make no repayments. Most lifetime mortgages now let you pay some interest voluntarily, which slows the roll-up. A qualified adviser can show you figures for a specific plan and your own circumstances.