Capital Choice Plan
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: 7.30%: 7.62%:: Cashback | Free Valuation | Free Application | 10%pa Partial Repayments Option| 3-year No Early Repayment Charge* | Downsizing Protection Feature | Guaranteed Inheritance Feature | Fixed Early Repayment Charges | Cashback Options**
Eligibility
- Homeowner with a minimum property valuation of £70,000
- Maximum property value of £5m (contact if greater than £1m)
- Property located in England, Wales & Mainland Scotland
- Minimum age of youngest homeowner is 55, maximum 95
- Minimum loan of £10,000, maximum loan of £1.5million
Features
- FREE unlimited valuation
- Fixed lifetime interest rate
- No regular payment commitment
- Balance control by using the 10% Voluntary Partial Payment Option
- Tax free cash to spend as you wish
- Protected Equity Guarantee automatically included
- No negative equity guarantee – can never leave a debt for your beneficiaries
- Fixed Early Repayment Charges – 5% years 1-5, 3% years 6-10 & NO penalty thereafter
- Downsizing Protection Feature – repayment of this mortgage when downsizing after 5 years incurs NO penalty
Options
- 10% Voluntary Partial Payments with NO penalty
- Cashback option dependent upon requirements & effects on interest rate
- Interest only option available by using the 10% voluntary payment facility