Lending Into Retirement Downsizing [Interest Only]
Initial rate
6.09% (variable)
Then reverting to SVR minus 1.00%
7.79%
Product period
Three years
Arrangement fee
£999
LTV rate
60.00%
APRC
7.20% APRC
System Maintenance:
Our systems will be temporarily closed for a service upgrade starting at 12:30pm on Friday 8 December. The systems will reopen at 09:00am on Monday 11 December.
During this period you won’t be able to access our online services or update any mortgage applications.
Our teams will still be available by phone as usual, but will not be able to process any cases.
We apologise for any inconvenience - we’ve worked hard to keep these timeframes to a minimum and we thank you for your patience.
Temporary closure
We will be closed from 2pm on Friday 15 December to ensure our staff are able to attend essential training. We will be open as usual on Monday 18 December.
We apologise for any inconvenience this may cause and thank you for your understanding.
An interest only mortgage that allows downsizing as the repayment vehicle when the loan will be repaid in retirement.
The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.
6.09% (variable)
7.79%
Three years
£999
60.00%
7.20% APRC