We have decreased the interest rates on our Green lifetime mortgage, as well as our J2, J2.5, J3, J4, J6 LTV series. We have also introduced cashback options ranging from 1% to 5% on our J6 LTV series.

J2 – Interest rates are shown without cash facility loading or interest servicing reductions

Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER
0% £0 £10,000 55+ 3.18% 3.23%
2% £0 £10,000 55-85 3.38% 3.43%
5% £0 £10,000 55-85 3.68% 3.74%

J2.5 – Interest rates are shown without cash facility loading or interest servicing reductions

Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER
0% £0 £10,000 55+ 3.64% 3.70%

Green – Interest rates are shown without cash facility loading or interest servicing reductions

Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER
£50 £0 £10,000 55+ 3.54% 3.60%

J3 – Interest rates are shown without cash facility loading or interest servicing reductions

Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER
0% £0 £10,000 55+ 4.25% 4.33%
2% £0 £10,000 55-85 4.44% 4.53%
4% £0 £10,000 55-85 4.65% 4.75%
5% £0 £10,000 55-85 4.75% 4.85%

J4 – Interest rates are shown without cash facility loading or interest servicing reductions

Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER
0% £0 £10,000 55+ 5.08% 5.20%
2% £0 £10,000 55-85 5.28% 5.41%
5% £0 £10,000 55-85 5.58% 5.72%

J6 – Interest rates are shown without cash facility loading or interest servicing reductions

Cash Back Set Up Fee Minimum Advance Age Range Interest Rate (MER) AER
0% £0 £10,000 65-95 5.40% 5.54%
1% £0 £10,000 65-85 5.50% 5.64%
2% £0 £10,000 65-85 5.60% 5.75%
3% £0 £10,000 65-85 5.70% 5.85%
4% £0 £10,000 65-85 5.80% 5.96%
5% £0 £10,000 65-85 5.90% 6.06%

Please note:

  • For customers who choose to take the option of a cash facility, there will be a 0.05% increase to the MER rates (in order to then calculate the AER rates, you need to add the 0.05% increase to the MER first)
  • There are two tiers of interest rate reduction for those customers who choose to service some or all of the monthly interest:
    • If servicing >0.01% of the monthly interest amount there will be a 0.00% reduction
    • If servicing 25.01% +  of the monthly interest amount there will be a 0.20% reduction
  • All cashback is capped at £10,000 for J1 to J5
  • J6 cashback is uncapped

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