Lifetime Tracker Mortgage

Tracking Bank of England base rates for the term of the mortgage, lifetime tracker mortgages can provide several features:

  • Tracking Bank of England rates means that you will be able to take advantage of savings if interest rates drop, although you will also face increased charges if they rise.
  • Flexibility may be offered to make overpayments and thus repay the loan early without incurring additional charges.

A lifetime mortgage is something different. Also known as equity release, lifetime mortgages allow people over the age of 50 to release equity from their home.

Type
Life Tracker
Initial Term
Term of Mortgage
Interest Rate
2.09%
Max LTV
60%
Product Fee
Yes

Early redemption charges may apply. Overall Cost for Comparison 2.20% APRC. This is the cost of the mortgage over the full term.

Type
Life Tracker
Initial Term
Term of Mortgage
Interest Rate
2.09%
Max LTV
75%
Product Fee
Yes

Early redemption charges may apply. Overall Cost for Comparison 2.20% APRC. This is the cost of the mortgage over the full term.

Type
Life Tracker
Initial Term
Term of Mortgage
Interest Rate
2.44%
Max LTV
80%
Product Fee
Yes

Early redemption charges may apply. Overall Cost for Comparison 2.50% APRC. This is the cost of the mortgage over the full term.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE