The company has also announced a lifelong fixed rate of 6.55% for its Lifetime Mortgage Extra, which is on offer to customers alongside a product fee of GBP599. The product is available at up to 55%loan to value.
Kirsty Jackson, head of lifetime mortgages at Mortgage Express, said: Our best-buy lifetime mortgages are ideal for customers aged 60 or above who are looking to unlock equity from their homes.
By opting for a highly competitive interest rate that is fixed for the life of the loan, customers gain peace of mind because they know precisely what their commitment will be at any time in the future. Neither of our lifetime products has an upper age limit in place, enabling older customers to take advantage of the great rates on offer too.
