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 3.80% 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
|
Free valuation with Just, Uplift in commission for L&G / Uplife incommission one family- Select club route on first time need to change user profile and select | Accept payments from £25/£50 with interest payment having option to switch
|
Canada Life 2.3%
Just 2%- reserve money paid at 2% on drip once over £600 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
Pure Sovereign |
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 4.32% (4.24%) through to 6.45% (6.27%) 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
Enhanced |
6.10%- Fee £0 |
. | 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 ScotlandJust Retirement Lump sum |
Hodge the retirement mortgage
Just
|
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: TPERC 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 TPERC route for online lender change the user profiles and select mortgage club as TPERC with manual lender please quote TPERC when ordering KFI’s and quote on application using branded application or enclosed a TPERC WRAP Submission which you can download here.
Need help? Speak to our experienced support desk on Freephone 01326 567970
