Mortgages For The Elderly

We have years of experience helping clients aged between 60 and 90 obtain a mortgage or save money by remortgaging

Mortgages For The Elderly

 

Mortgages For The Elderly - Mortgages for the elderly are standard mortgages targeted for the elderly who require finance. Some of the elderly have found it hard to obtain credit in recent years, however our team of brokers specialising in securing mortgages for the elderly will aim to find you the most competitive rate on the market, taking into account your preferred repayment method, age of applicant and income.

We can potentially secure mortgages for the elderly up to 85 years old on either a repayment or interest only basis. Interest only mortgages for the elderly will generally have lower monthly payments than conventional repayment options but require a further investment, such as a pension, ISA or endowment policy. The product will pay down the mortgage capital at the end of the term. Though we can organise our clients funding requests’, we cannot provide investment advice. In the event you are seeking an interest only mortgage, we will suggest speaking to an Independent Financial Adviser to obtain any information on any element of investment. They can take you through your investment options.

Using our well-established relationships with mortgage underwriters at lenders across the UK, we aim to secure our mortgages for the elderly clients with the right mortgage at the rate that suits their personal requirements. You may need mortgage funds for a new conservatory or for home improvements such as a loft conversion. You may want to consolidate debt or find a more suitable mortgage by moving away from your existing provider.

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

For whatever reason you require finance, call our mortgages for the elderly advisory team today. We will aim to provide the right mortgage in a stress-free manner.

 

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