TermRateReverting to SVR** for the remainder of the term, currentlyAPRC - The overall cost for comparison isMaximum loan to value (Variable)Fees
Retirement Interest-only3 Years2.99%4.99%

Follows SVR with a discount of 2.00%
4.8%55%With LPA - £495 Without LPA - £795

Your home may be repossessed if you do not keep up repayments on your mortgage

Repayment method Interest only
Minimum loan £25,000 (P) £40,000 (R)
Minimum property value £125,000
Maximum term NONE – illustration term agreed with borrower
Subject to personal circumstances meeting Lending Policy
Minimum age 55
Only available on properties in England and Wales
The APRC will depend on your individual circumstances

Overpayment of 10% of the mortgage can be repaid each year during the discount period. If an overpayment of more than this amount takes place a 2.00% early repayment charge will be applied.

A RIO mortgage of £50,000 secured by a first charge on your main residential property, payable over 40 years initially on a discounted variable rate of 2.99% for 3 years and then on our Standard Variable Rate (SVR) of 4.99% (variable) for the remaining 37 years would require 36 monthly payments of £125.82 and 444 monthly payments of £209.98. The total amount payable would be £148,455.64 made up of the loan amount plus interest (£98,455.64) including £495 fee, deeds sealing and dispatch fees of £200.00.

The overall cost for comparison is 4.8% APRC representative.

The actual rate available will depend upon your circumstances. To find out more or request a personalised illustration please see contact details above.

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