The overall cost for comparison is 7.3% APR.
Mortgage Express product development manager Roger Hillier said that Mortgage Express’ lifetime business is off to a good start this year, after strong growth of £221 million during 2004.
“So far this year the Lifetime market has continued to grow steadily. The outlook for the rest of 2005 is very positive – we expect the market to grow by 30% to £1.5bn.”
