On Friday 21st January, we are increasing the interest rates across the entire Just for you Lifetime Mortgage range.J1 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 | 55-85 | 3.80% | 3.87% | | 2% | £0 | £10,000 | 55-85 | 4.00% | 4.07% | | 5% | £0 | £10,000 | 55-85 | 4.30% | 4.39% |
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 | 55-85 | 3.85% | 3.92% | | 1% | £0 | £10,000 | 55-85 | 3.95% | 4.02% | | 2% | £0 | £10,000 | 55-85 | 4.05% | 4.13% | | 5% | £0 | £10,000 | 55-85 | 4.35% | 4.44% |
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 | 55-85 | 3.90% | 3.97% | | 2% | £0 | £10,000 | 55-85 | 4.10% | 4.18% | | 5% | £0 | £10,000 | 55-85 | 4.40% | 4.49% |
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 | 55-85 | 3.80% | 3.87% |
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 | 55-85 | 4.05% | 4.13% | | 2% | £0 | £10,000 | 55-85 | 4.24% | 4.32% | | 4% | £0 | £10,000 | 55-85 | 4.45% | 4.54% | | 5% | £0 | £10,000 | 55-85 | 4.55% | 4.65% |
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 | 55-85 | 4.13% | 4.21% | | 1% | £0 | £10,000 | 55-85 | 4.23% | 4.31% | | 2% | £0 | £10,000 | 55-85 | 4.33% | 4.42% | | 3% | £0 | £10,000 | 55-85 | 4.43% | 4.52% | | 4% | £0 | £10,000 | 55-85 | 4.53% | 4.63% | | 5% | £0 | £10,000 | 55-85 | 4.63% | 4.73% |
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 | 55-85 | 4.48% | 4.57% | | 1% | £0 | £10,000 | 55-85 | 4.50% | 4.59% |
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 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
When will these changes take effect? These changes will be implemented on Friday 21st January 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 Friday 4th February. 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. | |
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