Common Questions

Frequently asked questions about the Sentinel Lifetime Loan...

Because Sentinel's Lifetime Loan is probably a new concept to you and your family, you may have questions about the Sentinel Lifetime Loan, and how it works.  

Below are a number of questions we imagine you may be asking, however for more detailed information please refer to  our brochure, or contact us here at Sentinel on 0800 488 740. 

 

How much will I be able to leave my Family ?

This will depend on how much you decide to borrow, interest rates, house price inflation and how long the loan is in force.  You can use the calculator on this website to estimate how much equity will remain in your home, at different house growth rates, over time.

Can I pay off all or part of the loan at any time ?

Although the loan is intended to be lifelong and you are not required to make any payments during the life of the loan, you can choose to repay all or part of the loan at any time.

Can I transfer my loan to my new house if I decide to move ?

Yes, so long as you meet our lending criteria at the time - but you must tell us in advance so we can have your new property valued by one of our valuers.

What happens to my home when I die or move into permanent long-term care ?

Usually the loan is repaid from the sale proceeds of your home.   The loan become repayable when you move permanently from your home - usually when you pass away, or move into long term care. 

Can I borrow more later if I need it ?

You can apply to borrow more at any time, subject to Sentinel's lending criteria.

Who owns my home?

You always own your home, and can live there for as long as you choose.

 

For further details and in-depth answers to your questions about the Sentinel Lifetime Loan please contact us on 0800 488 740.  We're always happy to help.

home