Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Lifetime Mortgage terms and conditions
Change Date : 24/07/2025 | Word Count: 535 | Deployment Measure : 7/10
Rationale:
This draft wording confirms a no-repayment equity release mortgage secured by a first charge, with rolled-up interest repaid upon sale following death or permanent care. The lender retains repossession rights in specific circumstances and imposes conditions around occupancy, repairs, and transfer, while offering protections such as a No Negative Equity Guarantee and limited early repayment charges.
I confirm that I have received your offer of mortgage from [____________] who have been appointed to act on behalf of [______] (hereinafter called "the Mortgagee") in respect of the
…