Mortgage For The Over 60s

Mortgage For The Over 60s

Mortgage For The Over 60s - Mortgage for the over 60s refers to the available mortgage options sought by individuals over 60 for their residential or buy to let property within the UK. A mortgage for the over 60s will often be more difficult to obtain than for younger clients, although with the right help and assistance the optimum financial result can be obtained. A mortgage for the over 60s will often be assessed by a number of mortgage lenders on a pensioner’s annual income and can be secured via both state and private pension income. In addition, most lenders offering a mortgage for the over 60s may accept other investment income from individuals, such as shares and other investment vehicles.

For individuals looking for a mortgage for the over 60s, it should also be noted that in the current climate a number of lenders have become increasingly cautious to offer mortgage solutions to pensioners and a bespoke and holistic service may be required to obtain the right deal for your individual needs and requirements. With years of experience finding the best available mortgages for the over 60s on the market, our expert team can find the right deal for you.

Our team have established strong relationships with a number of lenders offering a mortgage for the over 60s and can use our links to obtain deals not available for individuals on the open market. We understand the stress in securing a mortgage for the over 60s, vowing to guide and assist you throughout your application until the right financial result is found.

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

A mortgage for the over 60s which suits your individual circumstances can be found using our help. Call us today.

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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