55 PLUS INTEREST-ONLY MORTGAGE
STAY IN YOUR HOME FOR LONGER
If you are coming to the end of your interest-only mortgage and selling your home, or using your hard-earned savings to repay the outstanding balance is not an option for now, the Shawbrook 55 Plus Interest-Only Mortgage could be the answer.
What’s great about the 55 Plus Interest-Only Mortgage is that you can:
- Make additional overpayments to your mortgage at any time without penalty. Not only will this reduce the overall balance, but also the amount of interest that you will pay too.
- Pay off the balance of the mortgage in full at any time. A discharge fee of £120 in England and Wales and £180 in Scotland applies.
- Raise additional funds to spend on almost any purpose including; landscaping your garden, taking a once-in-a-lifetime holiday or helping your children onto the property ladder.
For more information about the 55 Plus Interest-Only Mortgage please download our brochure, contact our friendly team today on 0330 123 4526 or email.
Please note that Shawbrook Bank does not offer financial advice. However, if you are eligible for this product, we can refer you to a qualified mortgage adviser to discuss your requirements.
Please remember that this is an interest-only mortgage. This means that if the balance is not repaid during the mortgage term, you will have to sell your property to repay the outstanding balance, unless an alternative payment method is arranged and agreedDOWNLOAD BROCHURE