It has launched two new Lifetime products:
6.19 per cent (fixed)
Fixed rate for the term of the loan
£595 arrangement fee - can be added to the loan within LTV limits.
6.29 per cent (fixed)
Fixed rate for the term of the loan
No arrangement fee
No valuation fee.
The original product (launched on 18 May) with a rate of 6.65% has been withdrawn.
Legal Fees paid by the client for both their own independent solicitor and Bristol & West Mortgages' solicitor, Eversheds The client's solicitor is not required to be on oits panel.
Aavailable to homeowners aged 60 and over and provides them with the opportunity to borrow a lump sum secured against the value of their home.
The key product benefits are:
- A rate fixed for the life of the loan
- A lump sum release
- A "no negative equity" guarantee
- Highly competitive LTVs across all age bands
- Portability within criteria
