Prudential Lifetime Mortgage

We are no longer offering the Prudential Lifetime Mortgage product to new customers.

Already have a Prudential Lifetime Mortgage (previously known as Property Value Release Plan)?

This page is for existing customers who currently have a plan with Prudential, and for customers who previously had a Stonehaven Lifetime Mortgage. If you are a new customer, please note that we no longer offer this product.

Do you want to release more money from your plan?

If you would like to release some additional funds, simply follow the three easy steps outlined below. The additional funds could be in your account in as little as 7-10 working days from your call.

Step 1:

Check your most recent statement

Check your latest statement to find out how much is available to you as highlighted below or call us on 0845 656 0000.
Please note, not all product options allow you to release additional funds. If you are unsure about whether you can release more funds, please contact us.

Step 2:

Apply for drawdown

If you have funds available and would like to take advantage of some or all of these, simply call us on 0845 656 0000 or use our online request form and let us know how much you'd like to release (minimum of £3,000). If you previously had a Stonehaven Lifetime Mortgage, you can only request drawdowns by phone. As with any previous drawdowns, any additional funds will be fixed at our current rate of interest for the life of that loan and we will be able to confirm what this is when you call.

Step 3:

Drawdown Offer Document

We will then send you a Drawdown Offer Document, to confirm the details. Simply complete this with your bank details and signature(s). Once we receive the signed Drawdown Offer Document back, we will transfer your funds (minus a drawdown fee of £90) to your bank account on the next working day.

Please note that under certain circumstances the facility of further withdrawals could be restricted.