Home Loans for Pensioners and Over 60s

Home Loans for Pensioners and Over 60s

Home Loans for Pensioners and Over 60s - are mortgages offered by mortgage lenders who assess and accept a pensioner’s annual income on the basis of their pension income or employed/self employed 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 home loans for pensioners and the over 60s as such income may or may not be guaranteed.

The age of the applicant is also an important factor.

Capital  Fortune have secured mortgages for more mature mortgage applicants up to the age of 90. We are specialists in this area.

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 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 home loans for pensioners and over 60s, call us today 

How to get in touch

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Selected Mortgages For Aged 60 to 90

A selection of some of our lenders mortgage products and rates are shown below. Contact us for a quote specific to your circumstances. Table data updated 04/04/2016.

CodeIntial
Rate
Mortgage
Type
For /
Unit
Subsequent
Rate
APRCCEarly
Repayment
Charge
Fixed Lender
Fees
% Lender
Fees
Notes

001

*SEMI EXCLUSIVE*

2.64% Discount Variable 3 Years 4.79% 4.41% 3% withinh first year. £945 None

Maximum age 94 (subject to age at application)

Repayment Only

Maximum 80% LTV

 

002

 

1.69% Discount Variable 30/06/2018 5.95% 5.28% 1% until 30/06/2018 £199 None

Maximum age 85

Free Standard Valuation

Repayment only

Remortgages and Purchases

Maximum LTV 80%

 

 

003

 

 

2.99% Fixed 31/08/2020 5.95% 5.07% 3% until 31/08/2020 £999 None

Maximum age 85

Free Standard Valuation

Repayment

Remortgages and Purchases

Maximum LTV 80%

004

*EXCLUSIVE*

2.99% Discount 5 years 5.49% 4.86% 2.5% in year 1 then 2% in year 2. Then 1.5% in 3rd year... £0 None

No max Age

Interest Only

Remortgages and Purchases

Maximum 80% LTV