LIFETIME INTEREST ONLY MORTGAGE RATES

 

Rates are currently available from 5.25% fixed for life.

 

A lifetime interest only mortgage of £100,000 based on this interest rate would give you monthly payments of £437.50 if you chose to service the interest.  This example is based on a 79 year old owning a property valued at £400,000. 

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Assuming he lived for 15 years and paid the interest (180 monthly payments) he would pay back a total of £78,750 in interest with the £100,000 capital to be repaid from the sale of the property.

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The lender would give you a free valuation. You would be charged our standard broker fee of £995 payable on completion.

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The actual rate would depend on your individual circumstances.

 

Please ask for your free personalised key facts illustration.