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Lifetime Mortgages

LIFETIME INTEREST ONLY MORTGAGE RATES
 
Rates are currently available from 3.02% fixed for life (3.13% APRC).  
 
A lifetime interest only mortgage of £100,000 based on this interest rate would give you monthly payments of £251.66 if you chose to service the interest.  This example is based on a 74 year old owning a property valued at £400,000. 
Assuming he lived for 15 years and paid the interest (180 monthly payments) he would pay back a total of £45,299 in interest with the £100,000 capital to be repaid from the sale of the property.
The lender charges no fees and would give you a free valuation.  You would be charged our standard broker fee of £995 payable on completion.
The actual rate would depend on your individual circumstances.
 
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Your property may be repossessed if you do not keep up repayments on your mortgage.

Think carefully before securing other debts against your home. 

Berkley Vittoria Independent Financial Services is authorised and regulated by the Financial Conduct Authority.  Our FCA number is 150186.  

The FCA does not regulate most Buy to Let mortgages.  

Registered Office:  The Stirrups, Claypit Lane, Lichfield, Staffordshire, WS14 0AQ.  

Registered in England and Wales No. 2667979

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