Current drawdown rates

If you are an existing customer, looking to access money from your drawdown facility, you can find our current interest rates below.

The product name can be found on your mortgage offer. If you're still not sure which product you have, please call us on 03330 048444 and we can also talk you through the drawdown process. Open Monday to Friday 8:30am to 5:30pm. Call charges will vary. We may record and monitor calls.

These are our latest figures as at 11th November 2021 but the rates are subject to change.

Product Name MER AER
Premier Flexible Black (Initial advance from 01/07/2021) 2.86% 2.90%
Premier Flexible Yellow (Initial advance from 01/07/2021) 3.06% 3.10%
Premier Flexible (Initial advance before 01/07/2021)  3.00% 3.04%
Premier Flexible Black (Initial advance before 01/07/2021) 3.00% 3.04%
Flexible Black  3.00% 3.04%
Flexible  3.04% 3.08%
Flexible Pink  3.04% 3.08%
Flexible Orange  3.09% 3.13%
Flexible Plus  3.19% 3.24%
Flexible Yellow  3.19% 3.24%
Flexible Green  3.24% 3.29%
Flexible Turquoise  3.35% 3.40%
Flexible Teal 3.40% 3.45%
Flexible Max  3.47% 3.53%
Flexible Blue  3.47% 3.53%
Flexible Navy 3.58% 3.64%
Flexible Max Plus 3.73% 3.79%
Flexible Indigo 3.73% 3.79%
Flexible Violet  4.16% 4.24%

 

Product Name MER AER
Premier Optional Payment Black (Initial advance from 01/07/2021) 2.86% 2.90%
Premier Optional Payment Yellow (Initial advance from 01/07/2021) 3.06% 3.10%
Premier Optional Payment (Initial advance before 01/07/2021) 3.00% 3.04%
Premier Optional Payment Black (Initial advance before 01/07/2021)  3.00% 3.04%
Optional Payment Black  3.00% 3.04%
Optional Payment  3.04% 3.08%
Optional Payment Pink  3.04% 3.08%
Optional Payment Orange  3.09% 3.13%
Optional Payment Plus  3.19% 3.24%
Optional Payment Yellow  3.19% 3.24%
Optional Payment Green 3.24% 3.29%
Optional Payment Turquoise  3.35% 3.40%
Optional Payment Teal  3.40% 3.45%
Optional Payment Max  3.47% 3.53%
Optional Payment Blue  3.47% 3.53%
Optional Payment Navy  3.58% 3.64%
Optional Payment Max Plus  3.73% 3.79%
Optional Payment Indigo  3.75% 3.82%
Optional Payment Violet  4.16% 4.24%

Could you release more money with your lifetime mortgage?

Our Lifetime Mortgages give you the option to take less than the maximum amount you're eligible for when you take out the initial loan. If you’ve chosen to take less, you may be able to borrow more as and when you need it. Any additional borrowing will be secured against your home and will be based on the terms available from us at the time you apply.

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