We’ve increased the LTV’s on our J2, J3 and J4 as follows:
| Customer age (based on youngest customer) | J2 | J3 | J4 | |||
| Single Life | Joint Life | Single Life | Joint Life | Single Life | Joint Life | |
| 55 | 21.0 | 21.0 | 23.9 | 23.0 | 24.0 | 23.1 |
| 56 | 22.0 | 22.0 | 24.9 | 24.0 | 25.0 | 24.1 |
| 57 | 23.0 | 23.0 | 25.9 | 25.0 | 26.0 | 25.1 |
| 58 | 24.0 | 24.0 | 26.9 | 26.0 | 27.0 | 26.1 |
| 59 | 25.5 | 25.5 | 27.9 | 27.0 | 28.0 | 27.1 |
| 60 | 27.6 | 27.4 | 29.4 | 29.0 | 29.5 | 29.1 |
| 61 | 28.6 | 28.4 | 30.9 | 30.5 | 31.0 | 30.6 |
| 62 | 29.6 | 29.4 | 31.9 | 31.5 | 32.0 | 31.6 |
| 63 | 30.6 | 30.4 | 32.9 | 32.5 | 33.0 | 32.6 |
| 64 | 31.5 | 31.3 | 33.9 | 33.5 | 34.0 | 33.6 |
| 65 | 32.3 | 32.1 | 35.0 | 34.6 | 35.1 | 34.7 |
| 66 | 32.6 | 32.4 | 36.1 | 35.7 | 36.2 | 35.8 |
| 67 | 33.6 | 33.4 | 37.2 | 36.8 | 37.3 | 36.9 |
| 68 | 34.6 | 34.4 | 38.3 | 37.9 | 38.4 | 38.0 |
| 69 | 35.6 | 35.4 | 39.4 | 39.0 | 39.5 | 39.1 |
| 70 | 36.6 | 36.5 | 41.1 | 40.1 | 41.2 | 40.2 |
| 71 | 37.7 | 37.6 | 42.2 | 41.2 | 42.3 | 41.3 |
| 72 | 39.0 | 38.9 | 43.4 | 42.4 | 43.5 | 42.5 |
| 73 | 40.0 | 39.9 | 44.6 | 43.6 | 44.7 | 43.7 |
| 74 | 41.0 | 40.9 | 45.8 | 44.8 | 45.9 | 44.9 |
| 75 | 42.0 | 41.9 | 47.5 | 47.0 | 47.6 | 47.1 |
| 76 | 43.0 | 42.9 | 48.5 | 48.0 | 48.6 | 48.1 |
| 77 | 44.0 | 43.9 | 49.5 | 49.0 | 49.6 | 49.1 |
| 78 | 45.5 | 45.4 | 50.5 | 50.0 | 50.6 | 50.1 |
| 79 | 46.5 | 46.5 | 51.0 | 50.5 | 51.1 | 50.6 |
| 80 | 48.3 | 48.3 | 52.0 | 52.0 | 52.1 | 52.1 |
| 81 | 49.3 | 49.3 | 53.0 | 53.0 | 53.1 | 53.1 |
| 82 | 49.7 | 49.7 | 53.5 | 53.5 | 53.6 | 53.6 |
| 83 | 50.1 | 50.1 | 53.5 | 53.5 | 53.6 | 53.6 |
| 84 | 50.5 | 50.5 | 53.5 | 53.5 | 53.6 | 53.6 |
| 85+ | 51.0 | 51.0 | 54.5 | 54.5 | 54.6 | 54.6 |
The LTVs applicable to J5 will also be increasing. Please enter your clients details into our Medical Enhancement Calculator to understand the maximum loan amount available based upon their medical and lifestyle conditions.
The interest rate applicable to J5 will be amended as follows:
| J5 | Available to | Val | Cashback | Set-up fee | Age range | Current interest rate without facility (MER) | Current interest rate without facility (AER) | New interest rate without facility (MER) | New interest rate without facility (AER) |
| Premier Equity Release Club | Free | £0 | £0 | 55+ | 5.84% | 6.00% | 5.94% | 6.10% |
Just a click or call away
If you have any further questions on the information above or would like to discuss a specific case, please do contact your dedicated account manager on their usual number. Alternatively, our sales support team are ready to help: you can reach them on 0345 302 2287 or by email.
