We have decreased the interest rates on our Green lifetime mortgage, as well as our J2, J2.5, J3, J4, J6 LTV series. We have also introduced cashback options ranging from 1% to 5% on our J6 LTV series.
J2 – Interest rates are shown without cash facility loading or interest servicing reductions
| Cash Back | Set Up Fee | Minimum Advance | Age Range | Interest Rate (MER) | AER |
| 0% | £0 | £10,000 | 55+ | 3.18% | 3.23% |
| 2% | £0 | £10,000 | 55-85 | 3.38% | 3.43% |
| 5% | £0 | £10,000 | 55-85 | 3.68% | 3.74% |
J2.5 – Interest rates are shown without cash facility loading or interest servicing reductions
| Cash Back | Set Up Fee | Minimum Advance | Age Range | Interest Rate (MER) | AER |
| 0% | £0 | £10,000 | 55+ | 3.64% | 3.70% |
Green – Interest rates are shown without cash facility loading or interest servicing reductions
| Cash Back | Set Up Fee | Minimum Advance | Age Range | Interest Rate (MER) | AER |
| £50 | £0 | £10,000 | 55+ | 3.54% | 3.60% |
J3 – Interest rates are shown without cash facility loading or interest servicing reductions
| Cash Back | Set Up Fee | Minimum Advance | Age Range | Interest Rate (MER) | AER |
| 0% | £0 | £10,000 | 55+ | 4.25% | 4.33% |
| 2% | £0 | £10,000 | 55-85 | 4.44% | 4.53% |
| 4% | £0 | £10,000 | 55-85 | 4.65% | 4.75% |
| 5% | £0 | £10,000 | 55-85 | 4.75% | 4.85% |
J4 – Interest rates are shown without cash facility loading or interest servicing reductions
| Cash Back | Set Up Fee | Minimum Advance | Age Range | Interest Rate (MER) | AER |
| 0% | £0 | £10,000 | 55+ | 5.08% | 5.20% |
| 2% | £0 | £10,000 | 55-85 | 5.28% | 5.41% |
| 5% | £0 | £10,000 | 55-85 | 5.58% | 5.72% |
J6 – Interest rates are shown without cash facility loading or interest servicing reductions
| Cash Back | Set Up Fee | Minimum Advance | Age Range | Interest Rate (MER) | AER |
| 0% | £0 | £10,000 | 65-95 | 5.40% | 5.54% |
| 1% | £0 | £10,000 | 65-85 | 5.50% | 5.64% |
| 2% | £0 | £10,000 | 65-85 | 5.60% | 5.75% |
| 3% | £0 | £10,000 | 65-85 | 5.70% | 5.85% |
| 4% | £0 | £10,000 | 65-85 | 5.80% | 5.96% |
| 5% | £0 | £10,000 | 65-85 | 5.90% | 6.06% |
Please note:
- For customers who choose to take the option of a cash facility, there will be a 0.05% increase to the MER rates (in order to then calculate the AER rates, you need to add the 0.05% increase to the MER first)
- There are two tiers of interest rate reduction for those customers who choose to service some or all of the monthly interest:
- If servicing >0.01% of the monthly interest amount there will be a 0.00% reduction
- If servicing 25.01% + of the monthly interest amount there will be a 0.20% reduction
- All cashback is capped at £10,000 for J1 to J5
- J6 cashback is uncapped
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
