For borrowers who are in retirement or will be in retirement during the lifetime of the mortgage.
This product should be used for all properties in England and Wales.
For remortgages only.
5.49% fixed
8.59% variable
7.8% APRC
75% including fees
None
£999
Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
5% up to 28/02/2026
4% up to 28/02/2027
3% up to 29/02/2028
2% up to 28/02/2029
1% up to 28/02/2030
£95
A mortgage loan of £192,375 payable over 40 years, initially on a fixed rate of 5.49% until 28/02/2030 and then on our Standard Variable Rate, currently 8.59%, for the remaining period would require 60 payments of £990.90 and 420 payments of £1,392.07.
The total amount payable would be £645,490.40 made up of the loan amount plus interest of (£451,748.40) plus a product fee of £999, a funds transfer fee of £25, a desktop valuation fee of £95, legal fees to your solicitor of £148 and exit fee of £100.
The overall cost for comparison is 7.8% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our standard credit criteria click here for details
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
5% up to 28/02/2026
4% up to 28/02/2027
3% up to 29/02/2028
2% up to 28/02/2029
1% up to 28/02/2030
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more
This mortgage is available on capital and interest repayment up to 75% LTV or part and part up to a maximum of 60% LTV on interest only with a sale of property strategy. Interest Only can be considered up to 75% LTV with a sutable, external repayment strategy (maximum of 70% LTV if the applicants are retired). Payments must be made monthly by direct debit.
The minimum age is 25 for all applicants. There is no maximum age. Cases are considered on individual circumstances.
Minimum loan size £50,000
Maximum loan size £750,000
Up to 75% loan to value
Minimum property value of £100,000 (£150,000 inside the M25)
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
A desktop valuation figure is calculated using information from a variety of resources and databases. This figure is checked and endorsed by our panel of RICS surveyors. Due to the nature of this calculation, the valuation figure cannot be challenged.
If we are unable to complete a desktop valuation, then a standard valuation will be required. Our usual valuation fee will apply should a standard valuation be required following an unsuccessful desktop valuation attempt and the original desktop valuation fee will not be refunded.
Please click here to review the Desktop Valuation Form Checklist
The desktop valuation model will not be suitable for all properties and the exclusions are listed below:
properties with more than 4 bedrooms,
property value in excess of £1m
minimum estimated value below £100,000 outside the M25 and below £150,000 inside the M25
no online visibility and/or has not transacted within the last 5 years
properties accessed from a private road
inconsistent property attributes
flats or maisonettes
new build property (constructed in the last 24 months), self builds or properties under construction
HMO’s (including student lets) or multi-unit freehold blocks
shared ownership properties; properties being used as a holiday let or ex Local Authority properties
commercial properties or properties located above or directly adjacent to commercial properties
properties where the flying freehold is suspected to be greater than 20%
properties with more than 1 acre of land and/or subject to resale restrictions (age/occupancy)
Listed properties
holiday lets
properties of non-traditional construction
properties suspected to be in poor condition and/or subject to renovation/refurbishment
new build, self-build or properties under construction
properties with less than 85 years unexpired lease term
properties where the EPC rating is F or G
Interest is calculated daily on the balance outstanding and added to the account the following month.
For borrowers who are in retirement or will be in retirement during the lifetime of the mortgage.
This product should be used for all properties in England and Wales.
For remortgages only.
5.49% fixed
8.59% variable
7.8% APRC
75% including fees
None
£999
Charges will apply to any lump sum or full redemption paid over 10% of the capital balance
5% up to 28/02/2026
4% up to 28/02/2027
3% up to 29/02/2028
2% up to 28/02/2029
1% up to 28/02/2030
£95
A mortgage loan of £192,375 payable over 40 years, initially on a fixed rate of 5.49% until 28/02/2030 and then on our Standard Variable Rate, currently 8.59%, for the remaining period would require 60 payments of £990.90 and 420 payments of £1,392.07.
The total amount payable would be £645,490.40 made up of the loan amount plus interest of (£451,748.40) plus a product fee of £999, a funds transfer fee of £25, a desktop valuation fee of £95, legal fees to your solicitor of £148 and exit fee of £100.
The overall cost for comparison is 7.8% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our standard credit criteria click here for details
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
5% up to 28/02/2026
4% up to 28/02/2027
3% up to 29/02/2028
2% up to 28/02/2029
1% up to 28/02/2030
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
Once the early repayment charge period has ended overpayments can be made at any time.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more
This mortgage is available on capital and interest repayment up to 75% LTV or part and part up to a maximum of 60% LTV on interest only with a sale of property strategy. Interest Only can be considered up to 75% LTV with a sutable, external repayment strategy (maximum of 70% LTV if the applicants are retired). Payments must be made monthly by direct debit.
The minimum age is 25 for all applicants. There is no maximum age. Cases are considered on individual circumstances.
Minimum loan size £50,000
Maximum loan size £750,000
Up to 75% loan to value
Minimum property value of £100,000 (£150,000 inside the M25)
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
A desktop valuation figure is calculated using information from a variety of resources and databases. This figure is checked and endorsed by our panel of RICS surveyors. Due to the nature of this calculation, the valuation figure cannot be challenged.
If we are unable to complete a desktop valuation, then a standard valuation will be required. Our usual valuation fee will apply should a standard valuation be required following an unsuccessful desktop valuation attempt and the original desktop valuation fee will not be refunded.
Please click here to review the Desktop Valuation Form Checklist
The desktop valuation model will not be suitable for all properties and the exclusions are listed below:
properties with more than 4 bedrooms,
property value in excess of £1m
minimum estimated value below £100,000 outside the M25 and below £150,000 inside the M25
no online visibility and/or has not transacted within the last 5 years
properties accessed from a private road
inconsistent property attributes
flats or maisonettes
new build property (constructed in the last 24 months), self builds or properties under construction
HMO’s (including student lets) or multi-unit freehold blocks
shared ownership properties; properties being used as a holiday let or ex Local Authority properties
commercial properties or properties located above or directly adjacent to commercial properties
properties where the flying freehold is suspected to be greater than 20%
properties with more than 1 acre of land and/or subject to resale restrictions (age/occupancy)
Listed properties
holiday lets
properties of non-traditional construction
properties suspected to be in poor condition and/or subject to renovation/refurbishment
new build, self-build or properties under construction
properties with less than 85 years unexpired lease term
properties where the EPC rating is F or G
Interest is calculated daily on the balance outstanding and added to the account the following month.