H&R for Intermediaries has further expanded the help it offers to later life borrowers with the launch of two residential products.
The products are specifically for later life borrowers who will be over 75 at the end of their term. For buyers who are downsizing, up to 50 per cent can be interest only. For cases where the proposed Mortgage Repayment Vehicle is the sale of a different property, the interest only element can be up to 60 per cent.
Both products have been carefully designed to give buyers the flexibility of a significant element of interest only, if appropriate for their circumstances.
Brokers with later life customers should contact the Business Development team ahead of submitting an application by calling 01455 894084.