PRODUCT NEWS – Ultra No Longer Available

News

Products affected

Lifetime Mortgage Ultra
Lifetime Mortgage Max

Date of changes: 29th March 2018

As of 29th March the Lifetime Mortgage Ultra will no longer be available.

This product has proven extremely popular meaning lending limits have been achieved much earlier than anticipated. This has led to the decision to close the product to new business.

All Ultra applications already received and at new business stage will be processed as normal. Ultra applications received on or before the 29th March will continue to be accepted.

In line with the above, we are making a positive change to our Lifetime Max product:

LTV increase from 21% to 22.5% at age 55, 1% thereafter to age 65

With a rate of 5.79%, the Max will also offer:

  • 9-year ERC’s
  • Overpay by up to 10% from day 1
  • Free valuations to £1,000,000
  • Loans from £15,000 to £1,000,000

If you already have an application in progress and wish to take advantage of the changes to the Lifetime Max, please contact us.

Got a question?
Contact our Adviser support team for more information on
0800 731 4076


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