Mortgages For Elderly

Mortgages For Elderly

Mortgages For Elderly - Mortgages for elderly clients are loans for the elderly seeking a mortgage. When looking at mortgages for the elderly, you may be seeking a more competitive rate on your existing mortgage or to consolidate your outstanding debt into one monthly repayment. You may simply want to raise capital for essential home improvements or house repairs. Whatever the grounds for needing finance, our team of brokers experienced in mortgages for elderly customers can utilise our comprehensive panel search tool to secure you the best possible deal on all mortgages for elderly clients.

Once we have assessed your income, age and preferred repayment type, we can offer mortgages on a traditional repayment basis or interest only. When deciding to take out traditional mortgages, elderly citizens must note that monthly repayments will typically be higher than those that come with an interest only payment method. Those opting for interest only mortgages for elderly customers will need to ultimately speak to an Independent Financial Advisor to discuss an investment to pay off the initial mortgage value when the mortgage draws to a close. This could be a pension fund, ISA, endowment policy or other vehicle.

We have an established team of brokers who can make it easier to secure successful mortgages for elderly persons due to our excellent relations with senior underwriters at international and domestic banks. We understand it can be a protracted and stressful process trying to secure funding and it is our responsibility to make it as stress-free as possible.

Our brokers will complete all paperwork within your time frame and will regularly review your case to make sure you receive the best deal on your mortgages for elderly persons.

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

Need advice on which mortgages for elderly citizens are right for you? 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