Individual plan details

Ref	43
Plan Name	Lifetime Mortgage
Plan Type	Rollup
Rate Type	Fixed
Rate	6.85%
APR	7.2%
Interest Calculated	Daily
Interest Applied	Monthly
Min Percent Loan To Value	20%
APR	7.2%
Min Cash Sum to Value	£15,000
Max Percent Loan To Value	45%
Max Cash Sum To Value	£500,000
Total cost of credit	£228,572.12 (based on a 15 year term and an initial loan of £80,000).
Minimum Male Age	60
Minimum Female Age	60
Minimum Joint Age	60/60
Lump Sum	Yes
Regular Income	No
Life Cover	No
Further ER Advances	Yes, Available after 5 years.
SHIP Member	Yes
No Negative Equity Guarantee	Yes
Medical Required	No
Ex Council Property	No
Location	England Wales All Counties
Minimum Property Value	£50,000
Minimum Length of Lease	85 years
Property Condition	Good condition.
Property Type	House
Property Status	Freehold Leasehold
Existing Mortgage	No
Conditional Property Insurance	No
Security of Tenure	No
Minimum Income Requirement	No
Income Linked to Property Value	No
Plan Income Protection	No
Incentives	No
Fees	Arrangement Yes, £595 Discharge   No Legal   Yes, Client is responsible for own and B&W Mortgages legal fees. Valuation   No, Free valuation. Early Repayment   Yes, Early repayment charge period is 7 years. Other   No
Loan Repayment Options	No
Is Plan Portable	Yes
Available From	Direct,IFA.
Other	Further releases of equity available after 5 years.
Plan Details Date	Sep 2007

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