Mortgages Over 65

Mortgages Over 65

Mortgages Over 65 - Mortgages over 65 are mortgages offered to people in retirement. The mortgages over 65 market has grown rapidly in recent years due to higher house prices and working past normal retirement age. Though credit available to those of maturer years, and indeed to all others, has been restricted in recent years, it is still possible to secure mortgages over 65 years old, so long as the mortgage is both affordable and suitable. Our comprehensive panel team of mortgage brokers, experts in the field of finding you the best deals in mortgages over 65-year-olds, will advise you of the advantages and pit falls associated with the variety of mortgages we can offer you.

Depending on your pension income, we can secure people mortgages over 65 on a capital and interest repayment basis, interest only or an ISA mortgage. The former repays both the interest charged and the lump sum itself while the latter two simply pay off the interest of the loan. Though these mortgages typically have lower monthly repayments, this leaves the mortgage total to be paid down at the end of the term, using an ISA or another investment such as an endowment policy or a pension.

You may be looking for mortgages over 65 to pay for home improvements, a new car or you may want to consolidate existing debt into one monthly payment. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. You may simply just be looking to remortgage away from your current lender to find a more competitive mortgages over 65 deal.

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

Whatever your reasons for finding seeking a mortgage, do not hesitate to call our team of mortgage brokers specialising in advising on mortgages over 65.

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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