We are pleased to announce that we have reduced our interest rates on some of our lifetime mortgages by up to 0.13%.
Lifetime mortgages without an arrangement fee from 08th May
| Premier Flexible | Flexible & Optional Payment | Flexible Plus & Optional Payment Plus | |
London and South East | |||
| New | 3.71%* (3.77% AER) | 3.78%* (3.85% AER) | 4.10%* (4.18% AER) |
Old | 3.82% (3.89% AER) | 3.90% (3.97% AER) | 4.20% (4.28% AER) |
Rest of UK | |||
| New | 3.69%* (3.75% AER) | 3.76%* (3.83% AER) | 4.06%* (4.14% AER) |
Old | 3.80% (3.87% AER) | 3.88% (3.95% AER) | 4.16% (4.24% AER) |
* For existing customers with available drawdown facilities, these are the interest rates that would be applicable from 6pm on 08 May 2018. Additional drawdowns are only available on the same product as the initial advance.
Lifetime mortgages with 2% Cashback from 08 May
| Flexible & Optional Payment | Flexible Plus & Optional Payment Plus | ||
London and South East | |||
New | 3.98% (4.05% AER) | 4.29% (4.38% AER) | |
| Old | 4.09% (4.17% AER) | 4.39% (4.48% AER) | |
Rest of UK | |||
New | 3.96% (4.03% AER) | 4.26% (4.34% AER) | |
| Old | 4.07% (4.15% AER) | 4.35% (4.44% AER) | |
Lifetime Mortgages with a £599 arrangement fee available from 08 May
| Flexible & Optional Payment | Flexible Plus & Optional Payment Plus | ||
London and South East | |||
| New | 3.74% (3.80% AER) | 4.06% (4.14% AER) | |
Old | 3.86% (3.93% AER) | 4.16% (4.24% AER) | |
Rest of UK | |||
| New | 3.72% (3.78% AER) | 4.02% (4.09% AER) | |
Old | 3.84% (3.91% AER) | 4.12% (4.20% AER) | |
Optional Payment Lifetime Mortgage additional information
Where we automatically offer on these new lower rates, and your client has chosen to pay all of the monthly interest, we will reduce their Monthly Interest Payment accordingly. If your client has chosen to pay some of the monthly interest, and this does not exceed the new full monthly interest amount, their Monthly Interest Payment will remain unchanged.
To request a different Monthly Interest Payment or, if you’ve already received an offer and you’d like us to re-offer the case on one of these new rates, you can fill out this short online form. If you need to calculate the new monthly interest amount, you will need to create a new KFI. Remember, you don’t need to send us the new KFI.
Dedicated support
If you would like further information please email or live chat with us between 8.30am to 5.30pm, Monday to Friday. We may save and monitor chats. If you’re contacting us by email please remember not to send any personal, financial or banking information because email is not a secure method of communication.
Or you can call our dedicated support team on 03330 048444 between 8.30am to 5.30pm, Monday to Friday. Call charges will vary. We may record and monitor calls.
We’re always interested to hear your views on our products and services
