Scottish Building Society
Roll up Lifetime Mortgage
Rate: 4.09%
APR: 5.20%
Incentive Deal:
Features: Free valuation* | £150 towards remortgage legal fees* | No early repayment charges after 3 years

The Scottish Building Society is one of Scotland's largest mutual building society which has been in existence since 1848.

The Scottish Building Society interest only lifetime mortgage is now available to residents in Scotland, Northumberland & Cumbria.
Their interest only lifetime mortgage plan starts from age 65, with no upper age limit.

Normal lending criteria applies, with satisfactory checks required in terms of income, ability to repay the monthly mortgage payments and credit history.

The Scottish Building Society operates a lending policy whereby the maximum loan to value of 35%. The minimum loan limit is £30,000 with the maximum borrowing allowed at £300,000.

The Scottish Building Society will accept the eventual repayment method to be upon the sale of the home.

The only repayment amount required is to cover the interest only payments which has the the effect of keeping the mortgage balance level for the length of the mortgage term. Scottish Building Society will accept over payments of upto 10%pa with no penalty.

Once the 3 year fixed rate has expired, the Scottish Building Society Lifetime Mortgage will then revert to their standard variable rate of 5.29%.

*if remortgaging Scottish Building Society currently offer a FREE valuation fee & £150 contribution towards your legal fees.
These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration.


  • All schemes are authorised and regulated by the FCA
  • Continued ownership of 100% of your home
  • Interest rates sourced from the whole of the market
  • Continued benefit from future house price increases
  • Special deals with incentives to save you money
  • Free initial advice with no commitment or credit checks

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These are lifetime mortgage & home reversion plans. To understand the risk & features of these plans, request a personalised Key Facts Illustration. helps you to compare and arrange equity release schemes from the whole of the equity release market:

Aviva | Bridgewater | Hodge Lifetime | Just Retirement | LV= | more2life | One Family | Retirement Advantage | Pure Retirement L&G Crown