Mortgage Express has re-priced its Lifetime Mortgage and Lifetime Mortgage Extra products.
The lender says it has reduced rates on its lifetime mortgage to 6.29% for the lifetime of the loan. The product features a fee of £599 and can lend up to 45% LTV.
Lifetime Mortgage Extra now offers a rate of 6.55%, with a £599 fee and can lend up to 55% LTV.
Mortgage Express says its products are available for those aged 60 and upwards and the rate is fixed for the lifetime of the loan, no matter how long they live.
The firm adds that its lifetime range has no upper age limits, allowing older customers to access the products.
If you would like to comment on this story, contact:
Tel: 020 7034 2682
e-mail: [email protected]
Feasibility study due
'Let’s be bold enough to demand change'
Joint life second death option added to relieve tax burden on couples gifting assets
Backed by Schroders, LGIM and the IA
New system for funds without without three-year track record