What do you want to know about our Lifetime Mortgage?
Lifetime Mortgage Interest Rates
One of the strongest and most reassuring features of the Lifetime Mortgage is the competitive interest rate — fixed for the life of the mortgage.
| Mortgage Deal | Rates Applicable | The overall cost for comparison is | Booking Fee | Redemption Fee (fee added to loan) |
|---|---|---|---|---|
| Fixed Rate | 6.99% (fixed) for the term of the mortgage | 7.4% APR | £495 | £195 |
| Early repayment charges | ||
| Mortgage Type | Early Repayment Charge | |
|---|---|---|
| Fixed Rate for Life of Loan | Lifetime Mortgage | If the loan is repaid or part repaid within 5 years of completion a charge equal to 3% of the original loan amount will be charged. This will not apply where repayment is a result of a customer going into long term care, sheltered accommodation or the death of the customer. |
View interest rates for other Scottish Widows Bank products
