Lending Into Retirement Downsizing [Interest Only]
Initial rate
6.09% (variable)
Then reverting to SVR minus 1.00%
7.79%
Product period
Three years
Arrangement fee
£999
LTV rate
60.00%
APRC
7.20% APRC
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An interest only mortgage that allows downsizing as the repayment vehicle when the loan will be repaid in retirement.
The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.
6.09% (variable)
7.79%
Three years
£999
60.00%
7.20% APRC