We have rebranded Retirement Advantage products as Canada Life. Visit our Retirement Account and Home Finance pages.
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Capital Select - Interest Rates and LTVs

Alongside our loan to values (LTVs), you can find the following interest rates for our main residence Capital Select Options here:

  • Initial advance interest rates
  • Cash reserve facility withdrawal interest rates
  • Further advance interest rates

A fixed interest rate will be applied to each cash reserve facility withdrawal or further advance, based on the prevailing cash reserve facility interest rate or further advance interest rate on the product at the time your customer applies. This interest rate may be higher or lower than the interest rate which is applied to their initial advance. Each time they apply for additional borrowing, we will send them an Offer which will advise of the current interest rate.

The rates for all of our products, including our historic product range, can be found here.

Initial advance

 

Capital Select Gold

Capital Select Gold Plus

Capital Select Platinum

Monthly Interest Rate (MER)

4.27%

4.59%

5.41%

Annual Interest Rate (AER)

4.35%

4.69%

5.55%

Initial advance with cash reserve facility product feature

 

Capital Select Gold (Flexible)

Capital Select Gold Plus (Flexible)

Capital Select Platinum (Flexible)

Monthly Interest Rate (MER)

4.47%

4.79%

5.61%

Annual Interest Rate (AER)

4.56%

4.90%

5.76%

 

 

Capital Select Gold    (Flexible)

Capital Select Gold Plus (Flexible)

Capital Select Platinum (Flexible)

Monthly Interest Rate (MER)

4.47%

4.79%

5.61%

Annual Interest Rate (AER)

4.56%

4.90%

5.76%

 

 

Voluntary Select Gold

Voluntary Select Gold (Cashback)

Voluntary Select Gold (Flexible)

Voluntary Select Platinum

Voluntary Select Platinum (Cashback)

Voluntary Select Platinum (Flexible)

Monthly Interest Rate (MER)

6.40%

6.83%

Annual Interest Rate (AER)

6.59%

7.05%

 

 

Capital Select Gold

Capital Select Gold Plus

Capital Select Platinum

Age

LTV %

LTV %

LTV %

55

13%

18%

23%

56

14%

19%

24%

57

15%

20%

25%

58

16%

21%

26%

59

17%

22%

27%

60

18%

23%

28%

61

19%

24%

29%

62

20%

25%

30%

63

21%

26%

31%

64

22%

27%

32%

65

23%

28%

33%

66

24%

29%

34%

67

25%

30%

35%

68

26%

31%

36%

69

27%

32%

37%

70

28%

33%

38%

71

29%

34%

39%

72

30%

35%

40%

73

31%

36%

41%

74

32%

37%

42%

75

33%

38%

43%

76

34%

39%

44%

77

35%

40%

45%

78

36%

41%

46%

79

37%

42%

47%

80 - 90

38%

43%

48%

This website is for UK professional advisers only and is not approved for use by private customers.

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.