Great news! We have made some exciting changes to Premier Flexible.

  • More people will qualify as we are reducing the minimum loan size from £250,000 to £100,000.
  • Customers will no longer need to pay a valuation fee on application, meaning all of our products will offer free valuations as standard.
  • We’re also reducing the interest rate and LTVs.

In addition, we are reducing the interest rates on some of our other lifetime mortgages.

Lifetime mortgages without an arrangement fee

Premier Flexible Premier Flexible & Optional Payment Premier Flexible & Optional Payment Plus
London and South East
New 3.54%*
(3.60% AER)		 3.66%*
(3.72% AER)		 3.97%*
(4.04% AER)
Old 3.65%
(3.71% AER)		 3.73%
(3.79% AER)		 3.99%
(4.06% AER)
Rest of UK
New 3.52%*
(3.58% AER)		 3.64%*
(3.70 AER)		 3.93%*
(4.00% AER)
Old 3.63%
(3.69% AER)		 3.71%
(3.77 AER)		 3.95%
(4.02% AER)

Lifetime mortgages with 2% Cashback

Premier Flexible & Optional Payment Premier Flexible & Optional Payment Plus
London and South East
New 3.85%
(3.92% AER)		 4.16%
(4.24% AER)
Old 3.92%
(3.99% AER)		 4.18%
(4.26% AER)
Rest of UK
New 3.83%
(3.90% AER)		 4.12%
(4.20% AER)
Old 3.90%
(3.97% AER)		 4.14%
(4.22% AER)

Lifetime Mortgages with a £599 arrangement fee

Premier Flexible & Optional Payment Premier Flexible & Optional Payment Plus
London and South East
New 3.62%
(3.68% AER)		 3.93%
(4.00% AER)
Old 3.69%
(3.75% AER)		 3.95%
(4.02% AER)
Rest of UK
New 3.60%
(3.66% AER)		 3.89%
(3.96% AER)
Old 3.67%
(3.73% AER)		 3.91%
(3.98% AER)

New LTVs for our Premier Flexible Lifetime Mortgage

Age New LTV Age New LTV Age New LTV
55 8.0% 67 21.3% 79 32.0%
56 9.0% 68 22.1% 80 33.0%
57 10.0% 69 23.5% 81 34.0%
58 11.0% 70 25.0% 82 35.0%
59 12.0% 71 26.2% 83 36.0%
60 13.5% 72 27.0% 84 37.0%
61 14.5% 73 27.7% 85 38.0%
62 15.5% 74 28.2% 86 38.0%
63 16.5% 75 28.9% 87 38.0%
64 17.5% 76 29.7% 88 38.0%
65 19.0% 77 30.5% 89 38.0%
66 20.5% 78 31.5% 90 38.0%
Click here for more information

* For existing customers with available drawdown facilities, these are the interest rates that would be applicable from 6.30pm on 25 June 2018. Additional drawdowns are only available on the same product as the initial advance.