Lifetime Mortgages

We’re making some changes to our interest rates! On Tuesday 22nd March, we are increasing the interest rates across the entire Just for you Lifetime Mortgage range.

J1 Interest rates are shown without interest servicing reductions

Cash BackSet Up FeeMinimum AdvanceAge RangeInterest Rate (MER)AER
0%£0£10,00055-854.35%4.44%
2%£0£10,00055-854.55%4.65%
5%£0£10,00055-854.85%4.96%

 

J2 Interest rates are shown without interest servicing reductions

 

Cash BackSet Up FeeMinimum AdvanceAge RangeInterest Rate (MER)AER
0%£0£10,00055-854.40%4.49%
1%£0£10,00055-854.50%4.59%
2%£0£10,00055-854.60%4.70%
5%£0£10,00055-854.90%5.01%

 

 

J2.5 Interest rates are shown without interest servicing reductions

 

Cash BackSet Up FeeMinimum AdvanceAge RangeInterest Rate (MER)AER
0%£0£10,00055-854.45%4.54%
2%£0£10,00055-854.65%4.75%
5%£0£10,00055-854.95%5.06%

 

 

Green Interest rates are shown without interest servicing reductions

 

Cash BackSet Up FeeMinimum AdvanceAge RangeInterest Rate (MER)AER
£50£0£10,00055-854.35%4.44%

 

 

J3 Interest rates are shown without interest servicing reductions

 

Cash BackSet Up FeeMinimum AdvanceAge RangeInterest Rate (MER)AER
0%£0£10,00055-854.55%4.65%
2%£0£10,00055-854.74%4.84%
4%£0£10,00055-854.95%5.06%
5%£0£10,00055-855.05%5.17%

 

 

J4 Interest rates are shown without interest servicing reductions

 

Cash BackSet Up FeeMinimum AdvanceAge RangeInterest Rate (MER)AER
0%£0£10,00055-854.80%4.91%
1%£0£10,00055-854.90%5.01%
2%£0£10,00055-855.00%5.12%
3%£0£10,00055-855.10%5.22%
4%£0£10,00055-855.20%5.33%
5%£0£10,00055-855.30%5.43%

 

 

J6 Interest rates are shown without interest servicing reductions

 

Cash BackSet Up FeeMinimum AdvanceAge RangeInterest Rate (MER)AER
0%£0£10,00055-854.92%5.03%
1%£0£10,00055-854.94%5.05%
2%£0£10,00055-854.98%5.10%
3%£0£10,00055-855.18%5.30%
4%£0£10,00055-855.29%5.42%
5%£0£10,00055-855.50%5.64%
6%£0£10,00055-855.65%5.80%
7%£0£10,00055-855.85%6.01%

 

 

Please note

 

 

  • There are two tiers of interest rate reduction for those customers who choose to service some or all of the monthly interest:
    • If servicing below 25% of the monthly interest there will be no reduction
    • If servicing 25.01% +  of the monthly interest amount there will now be a 0.05% reduction

 

  • J6 has uncapped cashback

 

 

When will these changes take effect?

These changes will be implemented on Tuesday 22nd March 2022.  All new quotes from this date will be provided on the new terms.

For any pipeline quotes, we will need to receive applications before close of business on Tuesday 5th April. Any applications received after this date will be on the new interest rates.

 

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.