24/04/2019

Family BS enters retirement interest-only market. The range consists of two lump sum mortgages and a flexible product, all available up to 50% LTV.

The range consists of three products available at a maximum loan-to-value ratio of 50% and a minimum age at application of 65.

The two lump sum products include a five-year fixed rate at 3.69% and a discounted variable rate at 3.84%, both with a £999 fee.

The Society has also launched a flexible RIO product which allows overpayments, underpayments, payment holidays and a borrow back facility. The discounted variable rate is currently 3.94% with a £999 fee.

All three products will be available through selected intermediaries.

The new retirement interest-only range adds to the Society’s existing Retirement Lifestyle Booster, a standard interest-only product which provides a means of taking a regular ‘income’ from a property over a period of up to 10 years.

Risk Warning: The Financial Conduct Authority does not regulate some forms of Buy to Lets. Your home/property may be repossessed if you do not keep up repayments on your mortgage.