Retirement just got flexible

At a glance…

• A wide range of fixed interest rates: 

  • Short term 5 and 7 year fixed interest rate options 

  • Longer term 10 year and  20 year 

  •  Lifetime fixed rate options 

• LTVs up to 75% 

• Minimum age at application 55. No maximum age 

• Maximum loan £1,250,000. No maximum property value 

• Straightforward early repayment charges (ERC). Plus we will not charge an ERC if your client needs to redeem the loan earlier than expected due to death of a partner, or move into long term care. 

• 10% annual repayment allowance, free of any ERC 

• 6-month payment break option may be offered upon request, when your client finds themselves in financial difficulty due to an unexpected change in circumstances 

• Any suitable asset or whole of life product can be used to mitigate the first death stress test, making a retirement interest-only mortgage more affordable to your clients 

*Please note that this criteria does not apply if a desktop valuation is undertaken on the property