We’re pleased to announce we’ve made changes to our Lifestyle Options from 10am this morning – Monday 18th January. We have:

  • Decreased interest rates on Lifestyle Lite and Gold including Flexible variants.

Our new interest rates are shown in the Product Information table below highlighted in red.

Product Old Interest rate (MER)New Interest rate (MER)Old Interest rate (AER)New Interest rate (AER)Old APRNew APR
Lifestyle Lite2.59%2.44%2.62%2.47%2.735738%2.58273200%
Lifestyle Lite (Flex)2.59%2.44%2.62%2.47%2.735738%2.58273200%
Lifestyle Gold3.01%2.68%3.05%2.71%3.1663100%2.82825600%
Lifestyle Gold (Flex)3.01%2.68%3.05%2.71%3.1663100%2.82825600%

The new interest rates will also apply to additional borrowing.

Please note, our adjusted APRs have been calculated using the following inputs:

  • Standard: £650 completion fees, £1,000 advice fee, £474 Legal Fees, £100k initial advance, 20-year loan term.
  • Drawdown: APRs are the same figures as the AER.
  • Further Advances: £380 valuation fee, £100k initial advance, £500 advice fee, 20-year loan term.