Repayment mortgages - what makes us different?

16 Jul 2020
It will come as no surprise to you that a repayment mortgage is the most popular and most widely available mortgage repayment option. But did you know, with our repayment mortgages we offer the following features:

• Maximum age of 95 at the end of term – unlike some lenders we can offer a 70 year old a 25 year repayment mortgage. 
• Maximum 40 year term 
• Pay rate rather than stress rate for our 5 year fixed rate products - when assessing affordability for a 5 year fixed rate mortgage, we can stress test affordability at pay rate. This gives more flexibility on how much your clients can borrow. 
• A range of income streams accepted – earned, self employed, pension including 'uncrystallised' pension pots, investment and rental income are all acceptable sources of income for affordability purposes. We also allow a combination of these.

You can compare our Owner Occupier product range here.
  
Our flexible mortgage products

 Our approach means that you can get creative with solutions for your clients. For example:

• Joint Mortgage Sole Owner (JMSO) arrangement - with our JMSO arrangement we can lend over a term which takes non-occupying family members up to age 95. This can make the monthly payments much more affordable for the occupying borrower(s). So, if a parent is 60 and has a retirement income that we can evidence, then we can offer their offspring a 35 year term.

For more information on our mortgage range please visit our website or contact your local Business Development Manager. If you don’t have a BDM in your area, you can contact our dedicated Mortgage Desk.
 

Affordability Calculator

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator

Find Your Local

Business Development Manager

Your Local BDM:

Arif Kara

Arif was previously a mortgage adviser, and focuses on North and West London. Contact Arif for help with your clients' mortgages.
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Your Local BDM:

Michelle Parry-Bunter

Michelle has worked for the Society for over a decade and focuses on the South Coast. Contact Michelle for help with your clients' mortgages.
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Your Local BDM:

Nathan Waller

Nathan was previously a mortgage and protection adviser, and focuses on Cambridgeshire, East Sussex, Essex, Suffolk, Hertfordshire, Bedfordshire, Lincolnshire, Norfolk and Kent. Contact Nathan for help with your clients' mortgages.
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Your Local BDM:

Grace Bennett

Grace focuses around the West M25 area. Contact Grace for help with your clients' mortgages.
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Your Local BDM:

Darren Deacon

Darren has over 28 years' Financial Services experience and focuses on both the East & West Midlands as well as the Southwest. Contact Darren for help with your clients' mortgages.
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Your Local BDM:

Paul Roberts

Paul has over 30 years' experience and focuses on the North (inc. M62 corridor), Yorkshire & North East. Contact Paul for help with your clients' mortgages.
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We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:

Opening hours: Mon - Fri: 8am - 5.30pm, Sat: 9am - noon

We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.

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