As previously communicated the limited period J4 pricing will be available until Thursday 10 October. As from Friday 11 October we will be reducing LTV’s on our J4 series. We will not however be changing the J4 interest rates back to previous levels, they will remain as they currently are.
Please remember as previously advised all J4 quotes on the limited offer issued between Wednesday 25 September and Thursday 10 October must have an application received by Friday 18 October in order to get limited offer terms.
In addition we will also be making changes to our J5 series. As of Friday 11 October J5 will only be available on a medically underwritten basis requiring details of client lifestyle and medical conditions. We will no longer offer the standard LTV’s on our J5 series. The LTV’s applicable to J5 will be reduced in line with the J4 changes detailed below and an uplift will be provided if the client qualifies for an enhancement. Please enter your clients details into our Medical Enhancement Calculator to understand the maximum loan amount available based upon their medical and lifestyle conditions.
For any J5 quotes issued on a non-underwritten basis, applications will need to be received by Friday 18 October to be accepted.
For clarity, please see details below:
J4 interest rates as follows (WITHOUT CASH FACILITY OR INTEREST SERVICING):
| Product | Val | Cash Back | Set Up Fee | Minimum Advance | Age Range | AER | MER | APR |
| J4 | Free | 0 | £0 | £10,000 | 55+ | 5.44% | 5.31% | 5.4% |
| J4 | Free | 2% | £0 | £10,000 | 55-85 | 5.65% | 5.51% | 5.7% |
| J4 | Free | 5% | £0 | £10,000 | 65-85 | 5.97% | 5.81% | 6.0% |
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 four 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 0.01% reduction
- If servicing >25.01% of the monthly interest amount there will be a 0.10% reduction
- If servicing >50.01% of the monthly interest amount there will be a 0.15% reduction
- If servicing >75.01% of the monthly interest amount there will be a 0.30% reduction
- All cashback is capped at £10,000
As from Friday 11 October J4 LTV’s will be reducing.
New J4 LTV’s as follows
| Client age | J4 Single Life | J4 Joint Life |
| 55 | 25.9% | 23.1% |
| 56 | 26.9% | 24.1% |
| 57 | 27.9% | 25.1% |
| 58 | 28.9% | 26.1% |
| 59 | 29.9% | 27.1% |
| 60 | 33.0% | 32.0% |
| 61 | 34.0% | 33.0% |
| 62 | 35.0% | 34.0% |
| 63 | 36.0% | 35.0% |
| 64 | 36.8% | 35.8% |
| 65 | 37.7% | 36.7% |
| 66 | 38.8% | 37.8% |
| 67 | 39.9% | 38.9% |
| 68 | 41.0% | 40.0% |
| 69 | 42.0% | 41.0% |
| 70 | 43.0% | 42.0% |
| 71 | 43.7% | 42.7% |
| 72 | 44.9% | 43.9% |
| 73 | 46.1% | 45.1% |
| 74 | 47.3% | 46.3% |
| 75 | 48.5% | 48.0% |
| 76 | 50.2% | 49.2% |
| 77 | 51.4% | 50.4% |
| 78 | 52.0% | 51.0% |
| 79 | 52.5% | 51.5% |
| 80 | 54.0% | 53.0% |
| 81 | 54.5% | 53.5% |
| 82 | 55.0% | 54.0% |
| 83 | 55.5% | 54.5% |
| 84 | 56.0% | 55.0% |
| 85 | 56.0% | 55.5% |
| 86+ | 56.5% | 55.5% |
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
