Flexible retirement with interest-only mortgages

Our mortgages at a glance

• 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

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