Our interest rates have increased, decreased or remain the same on both the Lifestyle Lump Sum Max and Lifestyle Flexible Option, on new business only.

New Business

All pre-sales illustrations produced on or after Wednesday 21st August 2019 will automatically be processed using the new interest rates on Flex Tool version 21.08.19

Application information

• For new business applications received between Wednesday 21st August 2019 and Wednesday 28th August 2019, the offer issued will be based on the personal quote summary received, as per normal Flex Tool rules.
• If the property valuation is outside 10% of the estimate, please include a new personal quote summary using Flex Tool version 21.08.19
• If the property valuation is within 10% of the estimate, please include the original personal quote summary.
• Flex Tool version 21.08.19 will be used if any revisions are required to the case.

New business transitional arrangements

Where the rate has decreased

• All applications received on or after Wednesday 21st August 2019 will be processed as per the personal quote summary submitted and based on normal Flex Tool rules being applied.
• Where terms have been offered and the customer wishes to make an alteration to the loan, the new offer will be based on Flex Tool version 21.08.19.
• If a case expires on or after Wednesday 21st August 2019, and a new offer is required, this will be issued on new interest rates.

Where the rate has increased

• All new business applications received up to and including Wednesday 28th August 2019 will be processed using the current interest rate.
• All new business applications received from Thursday 29th August 2019 will be processed using the new interest rate.
• Where terms have been offered and the customer wishes to make an alteration to the loan, the new offer will be based on Flex Tool version 21.08.19

Current Reserve Release Rates

Lifestyle Flexible Option (LFO) and Cash Reserve Option (CRO)

There are no changes to the interest rates on reserve release. The below shows the current rates that went live on Wednesday 7th August 2019.