5.55% Fixed Rate Mortgage until 30 November 2028
This shows what you'll pay each month during your initial deal period. It doesn't consider any charges or fees if you decide to make any changes to your mortgage. Please note this is only an estimate.
5.55% Fixed Rate Mortgage until 30 November 2028
Initial Pay Rate
5.55%
Loan to Value
65%
APRC
8.2%
Fees
None
Information
Early Repayment Charge: No
Incentives: Yes
Things you need to know
Interest Only.
No application fee or arrangement fees
Minimum age 55 years and the borrower(s) must be retired. There is no maximum age.
The maximum term is 55 years For joint mortgages each borrower will need to afford the mortgage in their own right. Borrower(s) must be retired prior to application.
The interest rate on this product will not drop below 2.00%. (following the fixed rate period)
Free Valuation
Minimum Loan £10,000.
Maximum Loan £500,000.
Purchase 65%.
Remortgage 65%.
Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria).
New Business - All of our savings and mortgage products are only available to UK residents
There are no early repayment charges.
A mortgage of £117,869.00 payable over 25 years initially on a Fixed Rate of 5.55% until 30 November 2028 and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 242 months would require 58 monthly payments of £545.14 and 242 monthly payments of £833.92. The total amount payable would be £278,234.09 made up of the loan amount plus interest (£160,330.09), and a funds transfer fee of £35.00. The overall cost for comparison is 8.2% APRC representative^
To found out more about Retirement Interest Only Mortgages, read our helpful guide HERE
Call us on 01782 255000.
Lines are Open 9.00am to 5.00pm Monday to Friday.
Mortgage Enquiry
Call us on 01782 255000 or complete the form below and a member of our team will be in touch
