Lifestyle Flexible Option
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: 2.73%: 2.80%:: Cashback | Free Valuation | Reduced Application Fee - £5* | Inheritance Guarantee | 10%pa Voluntary Partial Repayments | 3-year No Early Repayment Charge** | Bespoke Interest Rates***
Eligibility
- Homeowner with a minimum property valuation of £75,000
- Property located in England, Wales, Scotland & Northern Ireland
- For flats, 85% of property value will be used
- Minimum age of youngest homeowner is 55, no maximum age
- Minimum loan of £15,000, maximum £1m+ (ask for details)
Features
- Ability to make voluntary partial repayments of upto 10%pa with NO penalty
- Downsizing protection available after 5 years
- Option of repaying the interest only element annually requiring NO proof of income
- Fixed lifetime mortgage interest rate
- Interest rates based upon personal criteria*
- No regular payment commitment
- No negative equity guarantee – can never leave a debt for your beneficiaries
- Flexible drawdown scheme – ability to have access to a future cash reserve
Options
- Free valuation option available
- Choose between £0, £500 or £1000 cashback payable on completion
- Inheritance Protection – option to protect a percentage of the eventual sale value of the property
- Enhanced Lifetime Terms – poor health can achieve a lower interest rate