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What is Flexi Interest Reward?

Flexi Interest Reward is a feature of our Flexi lifetime mortgage designed to significantly reduce your clients’ cost of borrowing over the lifetime of their loan. They choose their own monthly payment and payment term, subject to criteria, and your client has security of tenure throughout, even if they stop making payments early. If your client chooses to stop making repayments, they will lose some or all of their discount and the total cost of borrowing will increase. 

Create KFI

Who is this product for?

Our Flexi Interest Reward is designed for clients who are looking for a lump sum as well wanting more choice and control from later life lending. By committing to monthly payments for a fixed period, they benefit from a discounted interest rate for the life of the loan, providing all payments are made. Your client will keep their discounted interest rate providing the account goes no more than 3 months into arrears during the contractual payment term and any shortfall is repaid in 3 months. If your client stops their repayments, they will lose some or all of their discount. It’s about planning confidently, while staying in control.

Learn more about Flexi Interest Reward with our guides

Adviser Guide

Read our adviser guide so you can learn about all the key details and features that come with Flexi and Flexi Interest Reward.
Find out more >

Product Info Sheet

A practical overview of who Flexi & Flexi Interest Reward are suitable for (and who it isn't), helping you place the right cases, first time.
Find out more >

Why choose Flexi Interest Reward?

Built to give you more control.

By committing to monthly payments for a fixed period, clients secure a discounted interest rate for the life of the loan, providing all payments are made, providing reassurance and predictability regardless of future changes in the market.

It reflects our promise to keep things simple.

Clients can reduce or pause payments if circumstances change and your client will keep their discounted interest rate providing the account goes no more than 3 months into arrears during the contractual payment term and any shortfall is repaid within 3 months. Clients can still benefit from features such as partial repayments, up to 10% of the initial loan early repayment charge free, inclusive of monthly payments

It balances control with protection

Whether clearing an existing mortgage or enhancing retirement income, clients stay in control while knowing they will never owe more than the value of their home.

Key features

Age Range

Available to clients aged

55-82*

*(+364 Days)

LTVs

from 

5%-48%

Loans from

£15,000+

Helpful Flexi Interest Reward downloads

Product guide

All the key details about Flexi Interest Reward in one place, so you can quickly understand how it works and who it’s for.


Download

Lending criteria

A clear breakdown of Flexi Interest Reward's criteria to help you check client suitability fast and avoid unnecessary delays.


Download

Tariff of charges

A full list of any costs that could apply, so you can provide accurate information and set expectations early.


Download

Product info sheet

A practical overview of who Flexi Interest Reward is suitable for (and who it isn’t), helping you place the right cases, first time.


Download

Lending criteria & other useful tools

Utilise our interactive tools to assess eligibility for your clients.

Lending criteria tool

Quickly check whether your client fits Flexi Interest Reward’s criteria, so you can qualify cases faster and with confidence.
 
Find out more

Max LTV calculator

Instantly calculate how much your client could release with Flexi Interest Reward’s LTVs, helping you find the right fit early on.

 
Find out more

Dedicated support tool

Enter your FCA number to instantly find your dedicated more2life support team, so you know exactly who to speak to for help with your next Flexi Interest Reward case.
Find out more

Talk to our Adviser Support Team

 
Our expert team is here to assist you with any questions or support you need.

Phone

Lines are open:
Monday to Friday from 9am to 5pm

03454 500 151

Email

Or, if you'd prefer to do things online,
you can email us at

[email protected]

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