Mortgages for Pensioners

Mortgages for Pensioners - are mortgages offered by mortgage lenders who assess and accept a pensioner’s annual income on the basis of their pension income. Pension income can be derived from private and State pensions and may be supplemented by other investment income such as stocks and shares, premium bonds and other investment vehicles. In the current climate, lenders are cautious regarding mortgages for pensioners as such income may or may not be guaranteed.

In addition to income, the age of the Applicants is also a significant important factor.

Capital  Fortune have advised and arranged mortgages for pensioners up to the age of 90 at standard lender rates. We are specialists in this area.

Dependant on circumstances we can also look to use all or part of pensioner's earned income from employment or self employment.

We are also able to advise and arrange mortgages to be placed in a pension if this is a requirement and a feasible option.

In deeming whether a mortgage is both suitable and affordable, mortgage advisers and mortgage lenders have to be sure that there is some form of track record to pension income and any other investment or employed income. Many mortgage lenders show reluctance in underwriting these cases given concerns around the sustainability of the income stream.

At Capital  Fortune, we understand these difficulties and our ability to contact senior underwriters to discuss you particular case and pension income with them directly, allows us to save you time, money and disappointment.

We understand our lenders and we understand their criteria. We will immediately know what lenders are likely to accept your type of pension income and which are likely to accept  your case or otherwise.

For more information on our  mortgages for pensioners, call us today on 0845 3 630 430 or Enquire Online.