Later Life Mortgages

Please note this representative example takes into account the reduction in interest rates due to take effect on 25th July 2025.

Initial Interest Rate (4.99% reducing to 4.89%), Standard Variable Rate rate (8.39% reducing to 8.29%) and Follow on Variable Rate (7.14% reducing to 7.04%). The representative example uses the lower Initial Interest Rate of 4.89%, Standard Variable Rate of 8.29% and Follow on Variable Rate of 7.04%.

The following is a representative example based on a mortgage of £400,000 payable over 25 years initially on a discounted variable rate of 4.89% for 2 years, a further discounted rate of 7.04% for 4 years, followed by our Standard Variable Rate of 8.29%. In this example you would make 24 monthly payments of £2,312.80, 48 payments of £2,803.84 and 228 monthly payments of £3,070.73.

The total amount payable would be £892,916.96 made up of the loan amount plus interest of £490,217.96 and the following costs, a Scheme Fee of (£1,999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£625.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.5% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

The following is a representative example based on a mortgage of £178,487 payable over 25 years initially on a discounted variable rate of 5.29% for 2 years, a further discounted rate of 7.14% for 4 years, followed by our Standard Variable Rate of 8.39%. In this example you would make 24 monthly payments of £1,073.80, 48 payments of £1,264.89 and 228 monthly payments of £1,384.82.

The total amount payable would be £403,523.88 made up of the loan amount plus interest of £223,737.88 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£225.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.7% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

The following is a representative example based on a mortgage of £178,487 payable over 25 years initially on a discounted variable rate of 5.99% for 2 years, a further discounted rate of 7.14% for 4 years, followed by our Standard Variable Rate of 8.39%. In this example you would make 24 monthly payments of £1,148.90, 48 payments of £1,269.98 and 228 payments of £1,390.38.

The total amount payable would be £406,813.28 made up of the loan amount plus interest of £227,052.28 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£200.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.8% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

The following is a representative example based on a mortgage of £178,487 payable over 25 years initially on a discounted variable rate of 5.29% for 2 years, a further discounted rate of 7.14% for 4 years, followed by our Standard Variable Rate of 8.39%. In this example you would make 24 monthly payments of £1,073.80, 48 payments of £1,264.89 and 228 monthly payments of £1,384.82.

The total amount payable would be £403,523.88 made up of the loan amount plus interest of £223,737.88 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£225.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.7% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

The following is a representative example based on a mortgage of £178,487 payable over 25 years initially on a discounted variable rate of 5.99% for 2 years, a further discounted rate of 7.14% for 4 years, followed by our Standard Variable Rate of 8.39%. In this example you would make 24 monthly payments of £1,148.90, 48 payments of £1,269.98 and 228 payments of £1,390.38.

The total amount payable would be £406,813.28 made up of the loan amount plus interest of £227,052.28 and the following costs, a Scheme Fee of (£999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£200.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.8% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.