Interest Payment

A lifetime mortgage which provides your client with a one off lump sum and which allows your client to pay up to 100% of the monthly interest on the loan for the life of the mortgage.

The minimum amount of interest they can pay is £25 and the maximum is the whole of the interest, which your client must select at the outset. Payments can be made from day one by monthly Direct Debit and we do not require any affordability assessment.

To open an Interest Payment Lifetime Mortgage for your client, login or register using the links below.

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Who could it be suitable for?

Clients who:

  • Have some concerns about the impact of interest roll-up and how this will reduce the equity in their property
  • Have family with concerns about the impact of interest roll-up on their inheritance
  • These clients may have been used to making monthly payments on their mortgage in the past
  • Want to continue borrowing into retirement and can’t continue their current interest borrowing with their mainstream lender
  • Are looking for an interest only loan for a house purchase, or to help their child with a deposit for a house purchase where the child would like to help make contributions to the interest being charged on the loan.
Lifetime Mortgage Calculator

Lifetime Mortgage Calculator

Use our calculator to show your client how making interest payments can offset the rolling up of interest and maintain the equity in their home

Calculate

Current interest rates

FIXED RATES Lite LTV Standard LTV
Monthly Interest Rate (MER) 4.34% 4.79%
Annual Interest Rate (AER) 4.43% 4.90%
CURRENT VARIABLE RATES Lite LTV Standard LTV
Monthly Interest Rate (MER) 5.50% 5.70%
Annual Interest Rate (AER) 5.64% 5.85%
2-YEAR FIXED RATES (until 30 November 2020) Lite LTV Standard LTV
Monthly Interest Rate (MER) 3.90% 4.20%
Annual Interest Rate (AER) 3.97% 4.28%

Interest Roll-up with Voluntary Payment

Our Lump Sum Interest Roll-up with Voluntary Payment Lifetime Mortgage allows your client to release money without having to worry about having to repay anything during their lifetime.