Kent Reliance Building Society from UK

	Mortgage products available under this option
	The inter-generational mortgage option is available on most of our products (up to a maximum of 75% of the value of the property). The option gives you control to decide when you need to repay your mortgage
	Inter-generational Mortgage Q&A's Click here
	The inter-generational mortgage option is available for the following products

Products	Rate % p.a.
Standard variable rate 75% LTV	5.78%
Tracker rate 75% LTV	currently unavailable
2 year discounted rate 75% LTV	currently unavailable
3 year fixed rate 75% LTV	6.45%
5 year fixed rate 75% LTV	6.45%
10 year fixed rate 75% LTV	6.45%
25 year fixed rate 75% LTV	5.98%
Correct as at 1 April 2009

	Fees Valuation fee per scale Administration fee and / or Booking fee - refer to product.
	Interest charged Monthly
	What happens if you move house ? All of our mortgage products are portable. If you move during a fixed or discounted period the remaining benefit can be transferred to your new mortgage with us, in which case only any additional borrowing would be at a new rate (subject to lending criteria at the time of any future move).
	Extra features £25 discount off your first years home insurance premium arranged through us (click here for terms and conditions ).
	Notes The Administration and Valuation fees are payable on application. Other fees and charges may apply during the term of the mortgage. Minimum age 18.

You need to know
	Irrespective of the mortgage term you may exercise the inter-generational mortgage option. Under this option at each five year anniversary of the loan we will write to you to invite you to review your own financial position.
	If you believe your loan arrangements are still appropriate to your circumstances then you will be able to extend the original mortgage by five years from that date subject to your ability to service the loan and our underwriting criteria at the time. You can do this as many times as you like.
	When extending a loan into retirement it is important you have the ability to service the debt and have a satisfactory repayment option at the end of the term. If in doubt you should seek independent, professional advice from an authorised financial adviser
	We will not offer you advice. Any judgement we make of your ability to service the loan for an extended period is for internal purposes as part of our policy of responsible lending.
	You may seek a review at any time. You do not have to wait for us to write to you at each five yearly review.
	You can repay the mortgage in part or in full or convert it to another mortgage product with us at any time, subject to the terms of your existing loan (so if you are transferring from a fixed rate to a variable rate or taking a new fixed rate there may be a charge). We do not make an administrative charge for transferring from one loan to another and the booking fee (on fixed and discounted products only), if not paid separately, will be added to your loan .
	The Society can transfer the property equity subject to the mortgage before or after death, subject to the transferees being eligible and being able to show ability to service the debt.
	On death, except where you hold your property in a joint tenancy with another person (in which case the law dictates how your property is dealt with), we will continue to operate the mortgage in the name of your executors while probate is obtained. After that we will offer the relevant beneficiary or beneficiaries a mortgage on the same terms (subject to status) up to the same level and with the same option to pass the mortgage on in the future.
	The Society abides by the principles of responsible lending but does not offer advice. The inter-generational mortgage option enables you to decide how and when to repay your mortgage in a way that suits your personal circumstances. If in any doubt you should consult a qualified, authorised financial adviser.
	The inter-generational mortgage option is not, nor does the Society offer, a lifetime mortgage or equity release within the definitions of the Financial Services Authority: there are other specialist providers of such products.

For more information about our mortgages go to Useful Info/About Our Mortgages

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged over 18 unless otherwise stated and security will be required on property. Written quotations available on request.

Mortgage Payment Protection Insurance may be required and a Higher Lending Charge may be payable. Calls to Kent Reliance Building Society may be recorded and/or monitored for customer service and training purposes.

Kent Reliance Building Society is authorised and regulated by the Financial Services Authority for general insurance and regulated mortgages and is covered by the Financial Ombudsman Service. Kent Reliance Building Society, Reliance House, Sun Pier, Chatham, Kent ME4 4ET.