Equity Release (continued) The Equity Release Council is an organisation of equity release providers, advisers and other interested parties who work to a code of practice to which
COMPANY
Newlife - Home Related Finance 0121 712 3800
Newlife - Home Related Finance 0121 712 3800
Newlife - Home Related Finance 0121 712 3800
Newlife - Home Related Finance 0121 712 3800
Newlife - Home Related Finance 0121 712 3800
Plan name (type of plan)
(single life) † Early Repayment charge: There are a number of circumstances where ERCs are not payable
Gold Lump Sum Lifetime Mortgage
Optimum (reversion) Options (reversion)
5.60%F Monthly 5.75%F M 60 - F 60
N/A N/A N/A N/A N/A N/A
M 6565/65 F 65
M 6565/65 F 65
F 60 Yes Yes Equity Rate Rate Yes
Release (Fixed/ Compounds Rate Age Joint Property or Cash Sum to Value Council Variable)
Annualised Min Min Min Min/Max Loan to Value Age Value
£100,000 Min: 25.5% (min advance £10K) Max: 52% subject to max £750K
£75,000 £75,000 Max LTV: 100% reversion
Min: £25,000 Max: £250,000
Max LTV: 95% reversion
Min: Lesser of £25,000 or 25% reversion Yes N Max: £250,000
Flexible Plus Lifetime Yes 5.13%F - Monthly 5.25%F - M 60 60/60 £100,000 Min: 21% (min advance £10K) Mortgage
Lifetime Mortgage †
Partnership Assurance Enhanced Lifetime
www.partnership.co.uk/ Mortgage †
Equity-release 0845 108 7240
www.pureretirement.
co.uk
Pure Retirement
0844 854 2120 Pure Retirement
0844 854 2120 Pure Retirement
0131 313 7700 Scottish BS
0131 313 7700 Stonehaven
Scottish BS
0800 068 0212 Stonehaven
0800 068 0212 0800 068 0212 0800 068 0212 0800 068 0212 0800 068 0212
0844 854 2120 Scottish BS
www.pureretirement.
co.uk
www.pureretirement.
co.uk
Lifetime Mortgage
† Early Repayment charge: There are a number of circumstances where ERCs are not payable Gold Lump Sum
(joint life) † 2 other interest rate options available: No arrangement fee - 5.70%F (monthly) or £1500 cashback providing it completes within 8 weeks of offer - 5
Yes 5.60%F - Monthly 5.75%F - - †
Yes 6.35%F
60/60 £100,000 Min: 24.5% (min advance £10K) Max: 51% subject to max £750K
Monthly 6.35%F M 6570/70 F 65
£70,000
6.21%F Annually 6.39%F M 70 70/70 £70,000 F 70
Min: £25,000 Max LTV: 50%
† Only available to clients with health or lifestyle factors which affect life expectancy. Maximum property value £1m. Pure Drawdown Plan Yes
Lump Sum 1
† Also available to joint life with Min/Max LTV: 24.5% - 51%. Lump Sum 2
Lifetime Mortgage (Single Life)
Variable Rate Mortgage † 0131 313 7700 Discounted Variable Rate
Fixed Rate Lifetime Mortgage †
† Also available to joint life with Min/Max LTV: 24.5% - 51%. Lifetime Discounted
Lifetime Mortgage (Single Life)
No No No
(mortgage) †F55 † Available with £1,000 cashback for a 0.1% increase in rate.
† Interest only mortgage requires monthly payment covering the interest charged. Lump Sum Lite
Yes
0800 068 0212 Stonehaven
Stonehaven Stonehaven Stonehaven Stonehaven Stonehaven 0800 068 0212
(mortgage) †F55 † Available with £1,000 cashback for a 0.1% increase in rate.
Lump Sum Interest Select Lite † Interest Select † Yes (mortgage) †F55 Yes 5.46%F (mortgage) †F55 5.56%F (mortgage) †F55 5.60%F (mortgage) †F55 6.30%F (mortgage) Yes 6.08%F 5.98%F
For 3 yrs 5.89%F
4.09%F
† Interest only mortgage requires monthly payment covering the interest charged. Lifetime Fee Free
2.29%V For 3 yrs
Lifetime Mortgage † † Interest only mortgage requires monthly payment covering the interest charged.
2.49%V For 3 yrs
Yes Yes
5.99%F Annually 6.16%F M 60 60/60 £70,000 F 60
5.83%F Monthly 5.99%F M 60 60/60 £70,000 F 60
N/A 2.29%V M 6565/65 F 65
N/A 2.49%V M 6565/65 F 65
N/A 4.09%F M 6565/65 F 65
Monthly 6.05%F M 5555/55 Monthly 6.15%F M 5555/55 Monthly 5.60%F M 5555/55 Monthly 5.70%F M 5555/55 Interest Select Plus † Monthly 5.75%F M 5555/55 Interest Select Max † Monthly 6.49%F M 5555/55 - - - £70,000 £70,000 £70,000 £70,000 £70,000 £70,000 Min: £45,000
Min: 36% or £25,000 Max: 45%
Min/Max LTV: 25.5% - 52% Min: £10,000
Max: 35% or £300,000 Min: £30,000
Max: 35% or £300,000 Min: £10,000
Min: £30,000
Max LTV: 36% Min: £10,000
Max: £4m
Max LTV: 39% Min: £10,000
Max: £4m
† Available with £1,000 cashback for a 0.1% increase in rate. Client can service all or part of the debt (1% - 100% of interest, min £25 per month) for Yes
Max: £4m Max LTV: 36%
† Available with £1,000 cashback for a 0.1% increase in rate. Client can service all or part of the debt (1% - 100% of interest, min £25 per month) for Yes
Max: £4m Max LTV: 39%
Min: £10,000
† Available with £1,000 cashback for a 0.1% increase in rate. Client can service all or part of the debt (1% - 100% of interest, min £25 per month) for Yes
Max: £4m Max LTV: 42%
Min: £10,000
† Available with £1,000 cashback for a 0.1% increase in rate. Client can service all or part of the debt (1% - 100% of interest, min £25 per month) for Voluntary Select
Max: £4m Max LTV: 44%
Min: £10,000
Monthly 6.25%F M 5555/55 F 55
Voluntary Select Life Yes (mortgage)
IPG = Inheritance Protection Guarantee 5.99%F
Monthly 6.16%F M 5555/55 F 55
£70,000 £70,000
Max: £4m Max LTV: 39%
Min: £10,000
Max: £4m Max LTV: 36%
Min: £10,000
Min/Max LTV: 25.5% - 52% Min: £30,000
Max: 35% or £300,000
Max Adv: £600,000 (£250,000 in Wales)
Max Adv: £600,000 (£250,000 in Wales)
Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Yes N Max: 47% subject to max £750K Yes N Yes N
Lump I Sum
Yes Yes N
62
March 2015
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