Mortgages into later life
Due to the operational challenges created by the COVID-19 pandemic, we have temporarily restricted our lending criteria and withdrawn a number of products.
Visit the FAQs for up to date details.
Mortgages for over 50s and retired borrowers
We don't have a maximum age limit on any of our products but if you have clients who are 50+ we have a range of products especially tailored for borrowing into later life. We offer terms from 5 to 40 years, use a specialist retirement ONS calculator, have 6 different interest only options to choose from and we'll consider employed and self employed (non manual) income up to age 75.
Later Life 2.50% 2 Year Discount Rate 75% LTV
- VARIABLE RATE of 5.74% with a discount of 3.24% for 2 years from completion, then reverting to 4.00% for 36 months then changing to Ipswich Standard Variable Rate (currently 5.74%)
- 4.5% APRC
- For remortgage up to 75% LTV
- Available for direct applicants in England and Wales
- For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire
- To establish if you/your network is a selected partner, please contact our Business Development Team on 0330 123 1073
67147
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £500 | £199 | Purchase: based on property valuation. Remortgage: FREE (up to max property value £1m) | - | £35 | £750k |
Unlimited fee-free overpayments
No early repayment charge
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Later Life 2.75% 2 Year Fixed Rate 75% LTV
- FIXED RATE of 2.75% until 30/06/2022 then reverting to 4.00% until 30/09/2025 then changing to Ipswich Standard Variable Rate (currently 5.74%)
- 4.7% APRC
- For remortgage up to 75% LTV
- Exclusively for borrowers aged 50 or over
- Available for direct applicants in England and Wales
- For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire
- To establish if you/your network is a selected partner, please contact our Business Development Team on 0330 123 1073
72303
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £500 | £199 | Purchase: based on property valuation. Remortgage: FREE (up to max property value £1m) | - | £35 | £750k |
No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 30/06/2022
Overpayment of 50% or above - Early repayment charge is 3% of the overpayment
Redemption - Early repayment charge is 3% of the original loan amount
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Later Life 3.15% 5 Year Fixed Rate 75% LTV
- FIXED RATE of 3.15% until 5 years from completion date, then changing to Ipswich Standard Variable Rate (currently 5.74%)
- 4.6% APRC
- For purchase and remortgage up to 75% LTV
- Exclusvely for borrowers aged 50 or over
- Available for direct applicants in England and Wales,
- For our Intermediary partners, products are available to Prestige members, selected partners nationally and all intermediaries based in Suffolk, Norfolk, Essex, Cambridgeshire, Bedfordshire, Hertfordshire and Buckinghamshire
- To establish if you/your network is a selected partner, please contact our Business Development Team on 0330 123 1073
15197, 72282, 72283
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £500 | £199 | Purchase: based on property valuation. Remortgage: FREE (up to max property value £1m) | - | £35 | £750k |
Remortgage only: fee assisted legals
Fee free overpayments up tp 50% of original loan amount
Overpayment of 50% or above - early repayment charge is 5% of the overpayment
Early redemption - early repayment charge is 5% of the original loan amount
ERC period ends 5 years from completion date
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Click here to view our handy guide to later life and RIO mortgages.
