I’m very pleased to announce that we have launched our Capital Select Lite.
Our Capital Select Options offer:
- Capital and interest repayments (up to 10% of the initial advance, ERC free)
- Maximum loan amount of £1 million
- 8 year fixed ERCs (5% for years 1-5, 3% for years 6-8)
- Downsizing Protection, free of charge
- Early Repayment Waiver, free of charge
- Cash reserve facility is available, for an additional 0.20% MER (0.21% AER)
- Application fee of £650 England and Wales, £795 Scotland
Our interest rates and LTV’s are:
| Product | Interest rate (MER) | Interest rate (AER) | LTV – 60 | LTV – 90 |
|---|---|---|---|---|
| Capital Select Lite | 3.79% | 3.86% | 13% | 33% |
We are also very pleased to announce that we made some changes to the LTVs on our Lifestyle Options. The LTV rate for joint borrowers has now increased by 3% to align with our sole borrowers.
Our Lifestyle Platinum Options offer:
- Optional cashback of 3% of the initial loan amount (no cap, and no minimum loan requirement), plus a £0 completion fee
- LTVs up to 52%
- Fixed early repayment charges (ERCs). Our ERCs are in place for the first 8 years of the initial advance or additional borrowing.
- Free valuations, uncapped
- No affordability assessments
- Maximum loan amount of £1 million
| Product | Interest rate (MER) | Interest rate (AER) | LTV – 60 | LTV – 90 |
| Lifestyle Platinum | 6.39% | 6.58% | 32% | 52% |
| Lifestyle Platinum (Flexible) | 6.59% | 6.79% | 32% | 52% |
| Lifestyle Platinum (Cashback) | 6.67% | 6.88% | 32% | 52% |
Please find attached our At A Glance guide’s for both Capital Select Options and Lifestyle Options, which contains additional information including:
- Interest rates
- LTVs
- Product features
- Product criteria
