Can I repay the lifetime mortgage early?

This depends on the lifetime mortgage product you decide on. With lifetime mortgages you can usually repay the amount in full but you may incur an early repayment charge. This will depend on the specific scheme, how long you’ve held the mortgage for and the reason for repayment. If the option of early repayment is important to you, your adviser can discuss this with you and take it into consideration when making a recommendation to you.