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Retirement Interest Only Mortgages
Sometimes we make getting a mortgage so complicated and difficult, especially
for those who are retired. But, finally a great product which makes sense and is really
easy to understand. It's the Retirement Interest Only from The Tipton.
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Simple Terms:
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- Max LTV 60%, loans up to £1m - Interest Only of course!
- Borrowers must be aged between 55-85 (customers above 85 can be considered
on a case by case basis)
- No term restrictions - so it's Interest Only until the property is sold or loan redeemed
- Up to 25% equity of the value can be released, & can be used to gift to family members, enjoy holidays or used for home improvements
- Competitive fixed & discount rates available from 3.34%
- Remortgages offer free legal fees & free valuation on properties up to £400,000
- Applications can be considered on retirement homes
- 10% overpayments are allowed each year without charge
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Proc Fee
Exclusive with Complete FS 0.45%
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9 Compass Point, Ensign Way Hamble, Southampton, SO31 4RA
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Copyright 2018 Complete FS Ltd.
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For the use of mortgage intermediaries & other authorised professionals only. Not to be shown to or used with the general public. Your home may be repossessed if you do not keep up repayments on your mortgage.
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Registered in England & Wales with Company No. 81635434
Registered Office at Fleming Court, Leigh Road, Eastleigh, Hants, SO50 9PD.
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