Our Capital Select Options allow your customers to pay up to 10% of their initial loan balance each year, without facing an early repayment charge.
Flexibility
- They can make payments as and when they like, from as little as £50. We accept voluntary payments via cheque, debit card, bank transfer and standing order. They can choose any amount from £50 to their full allowance.
- There’s no penalty if payments aren’t made. If your customers don’t want to make a payment, they don’t have to.
- They have the option to come back for additional borrowing if they want to. They can add a cash reserve facility at the outset, or they can apply for a further advance at a later date.
Certainty
- Our products come with fixed early repayment charges. They give your client peace of mind, and are in place for the first 8 years of the initial advance, further advance or cash reserve facility withdrawal. You can find out more here.
- We offer two early repayment waivers. We offer a Downsizing Protection and an Early Repayment Waiver free of charge. You can find out more here.
- There are no restrictions over when payments can be made. Payments can be from day one. If your client’s take further funds, it doesn’t impact their ability to make a repayment. They retain total control of their mortgage.
You can find out more about our Capital Select Options here.
Contact us
If you’d like to get in touch with us, you can email us or call us on 0800 068 0212. Alternatively, you can contact your Business Development Manager or Telephone Account Manager.
