Lifetime
Mortgages
Competitive rate
- 7.69% fixed for life (interest is rolled up monthly)
- No negative equity guarantee
- Free Valuation - time to consider with no upfront costs
- The loan is not repayable until the last surviving borrower dies, goes into long-term care, or sells the property
- Portable within criteria
- SHIP member
Online KFIs*
Ex Local Authority properties acceptable (minimum value £90,000 for flats)
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|
Rate |
Description |
Max LTV |
Features |
Early Repayment Charges |
Code |
7.69%
|
Fixed for the life of the loan. |
60-64s up to 20% |
£595 arrangement fee. Valuation paid by Bristol & West Mortgages |
5% of the original loan amount for the first 7 years. Lending fee: £195* |
LD1 |
7.69%
|
Fixed for the life of the loan. |
65-69s up to 25% |
£595 arrangement fee. Valuation paid by Bristol & West Mortgages |
5% of the original loan amount for the first 7 years. Lending fee: £195* |
LD1 |
7.69%
|
Fixed for the life of the loan. |
70-74s up to 30% |
£595 arrangement fee. Valuation paid by Bristol & West Mortgages |
5% of the original loan amount for the first 7 years. Lending fee: £195* |
LD1 |
7.69%
|
Fixed for the life of the loan. |
75-79s up to 35% |
£595 arrangement fee. Valuation paid by Bristol & West Mortgages |
5% of the original loan amount for the first 7 years. Lending fee: £195* |
LD1 |
7.69%
|
Fixed for the life of the loan. |
80-84s up to 40% |
£595 arrangement fee. Valuation paid by Bristol & West Mortgages |
5% of the original loan amount for the first 7 years. Lending fee: £195* |
LD1 |
7.69%
|
Fixed for the life of the loan. |
85 onwards up to 45% |
£595 arrangement fee. Valuation paid by Bristol & West Mortgages |
5% of the original loan amount for the first 7 years. Lending fee: £195* |
LD1 |
Legal Fees are paid by the client for the their own independent solicitor and Bristol & West Mortgages solicitor, Eversheds.
SHIP Members
Bristol and West are members of SHIP which ensures the following for our clients
The members of SHIP agree to provide fair, simple and complete presentation of their plans. The benefits, obligations, variables and limitations must be clearly set out in their literature, including all costs which the applicant has to bear in setting up the scheme, the position on moving, the tax situation and the effect of changes in-house values.
- The client's legal work will always be performed by the solicitor of his or her choice. In all cases, prior to the completion of the plan the solicitor will be provided with full details of the benefits the client will receive. The solicitor will be required to sign a certificate to the effect that the scheme has been explained to the client.
- The SHIP certificate will clearly state the main cost to the house holder's assets and estate e.g. how the loan amount will change or whether part or all of the property is being sold.
- All SHIP plans carry a 'no negative equity' guarantee i.e. your client will never owe more than the value of their home.