Broker News - Buckinghamshire Building Society Launches Retirement Interest Only product

21 January 2019

Buckinghamshire’s Retirement Interest Only

As part of our regular review of our product range we have a new option in later life borrowing including loans starting at £25k. This retirement product is designed for mature borrowers with no maximum age.

There are a few reasons why older borrowers decide to remortgage in later life and our products are designed to help them achieve this. Often, customers are looking to purchase a retirement property or refurbish their existing home or maybe to gift some of that money to a loved one to help them purchase a property. Whatever the circumstances our retirement range offers flexible options. Visit our site to see the full range.

Our latest Retirement Interest Only products

Key product highlights

Max 60% LTV
No early repayment charge
Min Age 55
No Max Term
Min property price £100,000
LPA recommended

Retirement Interest Only - 5 year Discount

Initial rate 3.39% discount of 1.85% from SVR
For Loan sizes £25k to £49,999 the Product fee is £499
For loan sizes £50k to £500,000 the Product fee is £999
Followed by our SVR currently 5.24% variable for the rest of the term. The overall cost for comparison is 4.8% APRC
No ERC

Other fees apply

For more details and information visit www.bucksbs.co.uk/intermediaries or call our team directly Tel: 01494 879500 Email: intermediaries@bucksbs.co.uk