Introducing interest servicing on our Heritage lifetime mortgages (excluding Heritage Freedom).
Customers can make monthly payments of at least 25% of the monthly interest and benefit from an interest rate discount of up to 1% depending on the Heritage lifetime mortgage chosen. Customers can take a payment holiday of up to three monthly payments in every 12-month period, and have the option to stop making monthly payments at any time.
Our Heritage range offers LTVs up to 50.5%, interest servicing option, cashback on selected products, no upfront initial loan fees and up to 10% ERC-free optional partial repayments, with a maximum of 6 repayments a year.
