Changes to residential and later life borrowing

We’re champions of later life lending, which is why we’re now merging our residential and later life borrowing ranges into one set of products. That’s right, our standard residential range will now incorporate our later life proposition, too.

Here’s what you need to know:

1. No maximum age for repayment mortgages, max 95 on interest only
2. Retaining an option for our popular ERC-free 2-year discount but with a minimum age of 55 at application
3. Max 75% LTV for applicants borrowing into retirement, or 70% LTV for applicants in retirement

We are introducing the following interest only products available up to 80% LTV:

• 2 year discount @ 2.70%
• 2 year fixed @ 3.00%
• 5 year fixed @ 3.35%
• 2 year discount no ERC @ 2.99% (minimum age 55)

Additionally, our minimum loan size is increasing to £50,0000 across our residential range. Full details of the new products are available here.