Mortgage For 60

Mortgage For 60

Mortgage For 60 - A mortgage for 60 plus clients is a mortgage aimed at those close to pension age and those approaching retirement. The restriction of credit available to 60-year-olds and above, along with the general limitations involved with anyone acquiring a mortgage, has made getting a mortgage for 60-year-olds harder than in previous years.

However, on the basis of your pension income, both state and private, as well as any other investment or income, we are able to offer you a range of mortgages to obtain the capital that you require. This could be on a capital and interest repayment basis, an interest only mortgage, an ISA mortgage or a pension linked mortgage for 60-year-olds. A mortgage taken out on a repayment basis pays off both the interest and the initial lump sum borrowed at the same time. This is in contrast to an interest only mortgage where only the costs of borrowing are paid off. This leaves home owners to find another investment to pay off the capital at the end of the fixe d term. Nevertheless, monthly repayments can be lower than a traditional repayment mortgage.

A mortgage for 60 and above customers may be needed for a variety of reasons. You may want to raise funds for home improvements, a holiday or a new car. Alternatively, you may be looking to consolidate existing debt or to remortgage away from your current lender to secure the best deal available.

It can sometimes be hard to spot the best deals when seeking a mortgage without help, particularly in light of the number of mortgages available and the vast range of products on the market. This is where our committed team of brokers specialised in finding a mortgage for 60-year-olds and over can assist. Using our comprehensive panel base, we can talk you through your available options and will be able to advise you on the most suitable and affordable mortgage deals.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 020 77 100 400 or Enquire Online.

Call us today to speak to one of our mortgage for 60 specialist advisors.

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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