Lump Sum Interest Payment options
Unlike the interest roll-up lifetime mortgage, the interest payment options allow you the ability to pay some, or all, of the interest each month for a period of your choice.
The minimum amount of interest that you can pay is £25 and the maximum is the whole of the interest.
These products will be subject to affordability checks, and we will be looking for evidence that you can afford to make the monthly payments.
If for some reason, you decide you no longer want to make the monthly payments, then we will not repossess the property. Instead we'll work with you to find the best solution and offer you the ability to switch to one of our other products. Please talk to your financial adviser who'll be able to help you understand this further.