Interest reward lifetime mortgage Save thousands in interest over the life of your plan by making interest payments, helping you reduce your total cost of borrowing and giving you more control over your financial future. With an interest reward lifetime mortgage, you could receive an interest rate discount by making monthly interest payments. The longer you commit to making payments, and the more interest you pay, the bigger the discount. How does it work?
You could discount your interest rate with us by taking an interest reward lifetime mortgage. The discount that you get will depend on the amount you want to borrow compared to the value of your house, how much interest you can pay each month and whether you want to make payments
for 5, 10 or 15 years. The combination of making payments and the reduction in interest rate could help you save thousands – even with a small discount on your interest rate. Your adviser can give you an illustration of what discount you could get and how much it could save you.
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