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

Here you can find the interest rates and loan to values (LTVs) for our Second Home Options, alongside the current interest rates for further borrowing.

A fixed interest rate will be applied to each further advance based on the prevailing additional borrowing interest rate on the product at the time your customer applies. This interest rate may be higher or lower than the interest rate that 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 can be found here.

 

Second Home Lifestyle

Second Home Voluntary Select

Monthly Interest Rate (MER)

5.99%

6.18%

Annual Interest Rate (AER)

6.16 %

6.36%

 

 

Second Home Lifestyle

Second Home Voluntary Select

Monthly Interest Rate (MER)

5.99%

6.18%

Annual Interest Rate (AER)

6.16%

6.36%

 

 

Second Home Lifestyle

Second Home Voluntary Select

Age

LTV %

LTV %

55

14%

14%

56

15%

15%

57

16%

16%

58

17%

17%

59

18%

18%

60

19%

19%

61

20%

20%

62

21%

21%

63

22%

22%

64

23%

23%

65

24%

24%

66

25%

25%

67

26%

26%

68

27%

27%

69

28%

28%

70

29%

29%

71

30%

30%

72

31%

31%

73

32%

32%

74

33%

33%

75

34%

34%

76

35%

35%

77

36%

36%

78

37%

37%

79

38%

38%

80 - 90

39%

39%

 

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.