Mortgages For Retirees

Mortgages For Retirees

Mortgages For Retirees - Mortgages for retirees are loans directed at customers in retirement or close to retirement age. Lenders have become more cautious in recent years when giving out credit to high risk groups such as those seeking mortgages for retirees due to the long-term affordability of the mortgage on reduced pension income and the unpredictable nature of pension payments, particularly in light of large gaps in pension funds both state and private. However, our team of mortgage brokers will be able to advise you of the most suitable and affordable mortgages for retirees, based on your income from pensions or other investments, the repayment basis preferred and your financial needs and circumstances.

You may be seeking finance for a new conservatory or home repairs. You may just want to find a more competitive rate on your current mortgage or consolidate your existing debts into one monthly payment. Whatever your need funding for, our comprehensive panel brokers can provide assistance finding mortgages for retirees and which mortgage will suit your specific circumstances.

We can offer mortgages for retirees on a capital and interest repayment basis or interest only mortgages. The former pays down both the initial lump sum and the costs of borrowing at the same time. This typically means monthly repayments are higher than interest only mortgages but at the end of the term the mortgage debt is settled. Interest only mortgages need another investment such as a pension, ISA or an endowment policy to pay the lump sum at the end of the term. Our mortgages for retirees clients requiring a separate investment vehicle may need to speak to an Independent Financial Ad visor to set up an investment such as this, as we are unable to offer investment advice.

Our team can provide an all-inclusive service when finding mortgages for retirees. We will fill out all necessary paperwork and will not stop searching for a better mortgages deal even after we have processed and completed your application, constantly finding you the best deals on the market.

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 now to speak to one of our advisers who can find you the most favourable rate when seeking mortgages for retirees.

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