Interest Only Style

Lender Rate AER Drawdown Incentive Notes Commission
Hodge Lifetime Retirement Plan Incl Scotland NON Equity Release Council-

Monthly interest

 55+

Retirement Mortgage all based on affordability but an option

No – Further Advances available, subject to underwriting

 

 

Enhanced broker fee & Valuation deal-CLUB DEAL £99 valuation fee for case up to £350,000. Interest only lifetime mortgage Fixed LTV’s

Free val & legals for remortgages on 55+

55+ 0.5%

Retirement 1.25% enhanced (1% standard) Min £250

Interest only

 

 

 Canada life – Interest select- 5.56%

Just – Rates from 4.49% MER (4.60%AER)- tiered depending on age, % of interest paid- LTV and if you want a reserve

L&G Optional Payment from 3.45%

Onefamily Interest Select Fixed from 4.43%(4.34%MER) Variable  2 year fixed rates from 3.61% (3.55%AER)

 

No affordability

 

Onefamily No reserve but fixed erc’s

 

 

Uplift in commission for L&G / Select club route for onefamily- change user  profile and select Accept payments from  £25/£50  with interest payment having option to switch

 

 Canada Life 2.3%

L&G 2.25% uplift min £500 and 1% paid on reserve once taken

Onefamily 2.3% uplift

Voluntary Aviva- 4 after 12 months

Canada Life – Capital Select Option and Voluntary- anything over £50

Hodge- 4 per year

Just- 6 per year

LV one per year

L&G 4 per year

more 2 life cap./max £50 or more

Onefamily £50 or more Voluntary

Reserve except Hodge lump and onefamily uplift in fees and or fee valuations. S/O with Canada life and onefamily-

other ring lender to pay

 

Fixed erc with Canada life, LV M2L and onefamily

 

 

 

See standard schemes
INCOME LIFETIME Monthly draw down.  e .  . .
 

L&G Income Lifetime

  10 year money – Income from Pink – 4.09% (4.02%) through to Indigo 6.27% (6.10%) for Income Max Plus  Monthly draw down  uplift in procuration fee NEW 2.25% on initial and 2.25% monthly drip to max of £10,000

 

L&G Income Lifetime

 

15 year money rates as above

 

Monthly draw down uplift in procuration fee New 2.25% on initial and 2.25% monthly drip to max of £10,000.
L&G Income Lifetime  

 

20 year money rates as above Monthly draw down uplift in procuration fee New 2.25% on initial and 2.25% monthly drip to max of £10,000
L&G Income Lifetime

 

25 year money rates as above

 

 

Monthly draw down uplift in procuration fee New 2.25% on initial and 2.25% monthly drip to max of £10,000
 6

 

  e 

 

 e uplift in procuration fee  

 

Please note: This information is for registered intermediaries. Not to issued to members of the public. Note: PERC club does not offer financial conduct regulated advice. Please always check rate, criteria and commission with lenders as this can change without notice.

 

Enhanced lenders – medical & lifestyle

Lender Rate AER Drawdown Incentive Notes Commission
Aviva
Incl Scot/NI
** Competitive and bespoke rates. Actual will be dependent on options and customer circumstances please call 01326 567970 with client details including  medical if applicable.
Fee £5 deducted until further notice
yes Free valuation option and or cash backs Ring Free phone 01326 567970 for rate. No valuation fee option and/or cash back, reflected in rate.Flexible repayment option subject to terms and ERC exemptions in certain circumstances Flats 85% RULE 2.25% + 0.75% on reserve capped at £500
Just

Lump Sum Enhanced
Incl Scotland

6.05%
Fee £0
No Free valuation  Free valuations, 20 medical questions more in depth on line submission with underwriters confirming %  2% min £600
more 2 Life Tailored choice Enhanced
Incl Scotland  MIN Prop £70,000
6.33% (6.15%mer) 

 

Cash backs for single 1,2,3%

for joint app cash back only available joint 80-90 @3%

Age  from 55 with a min-  single age rated 60 and joint age rated 65

DRAWDOWN min £2,000 Free valuation. see next colum. Free Valuations.ENHANCED

 

 

 2.25% min £600

Club semi exclusive

Please note: This information is for registered intermediaries. Not to issued to members of the public. Note: PERC club does not offer financial conduct regulated advice. Please always check rate, criteria and commission with lenders as this can change without notice.

Equity release providers for the 55 -60 years

Lender Rate Exclusive Notes Proc fee
Aviva-Scotland & NI

Canada Life

Standard rates see lump and Draw down Free valuation options with both lenders See standard See standard
Hodge  Retirement Plan (interest only) NON Equity Release Council
Incl Scotland

Just Retirement Lump sum

 

Hodge a mortgage

 

Just lump sum only

 

NON Equity Release Council based on affordability EXTRA ADVISER Commissions.

 

Free valuation  and no set up fee semi exclusive- Cash back available at higher rates.

See standard schemes See standard
Legal & General from age 55  Incl Scotland

 

 Across all schemes Uplift in commissions  See standard schemes  2.25%

Draw down 1% on drip

 

 more 2 life

 

OneFamily

 

Pure Sovereign

 

 

See standard schemes    Uplift in procuration fee to 2.25% from 2.0%- Online must change user profile to PERC and using clubs in drop down menu.

 

 procuration fee  2.3% Online must change user profile to PERC and using clubs in drop down menu.

 procuration fee  2.3% on initial loan only. Online must change user profile to PERC and using clubs in drop down menu.

 

 See standard schemes  Refer to standard schemes

Please note: This information is for registered intermediaries. Not to issued to members of the public. Note: PERC club does not offer financial conduct regulated advice. Please always check rate, criteria and commission with lenders as this can change without notice.

To secure deals Aviva need outputs sheet, Canada Life need you to be registered with PERC route for online lender change the user profiles and select mortgage club as PERC with manual lender please quote PERC when ordering KFI’s and quote on application using branded application or enclosed a PERC WRAP Submission which you can download here.

Need help? Speak to our experienced support desk on Freephone 01326 567970