OAP Mortgage

OAP Mortgage

OAP Mortgage - OAP mortgage clients will typically be an OAP pensioner or someone in retirement seeking a mortgage. Reasons for needing an OAP mortgage could be the desire to consolidate existing debt into one repayment each month or to raise funds for an extension or loft conversion on your home. You may simply be an OAP who wants to move away from your current mortgage provider to find a better deal and lower rate on your existing OAP mortgage.

Our mortgage brokers can use a comprehensive panel of lenders OAP mortgage base as well as our developed relationships with banks and building societies. We will obtain the most suitable and affordable OAP mortgage given your age, income and financial need.

We can position our clients with a variety of OAP mortgage providers on a selection of different mortgages and repayment methods. We can seek to secure an OAP mortgage for customers up to 85 years old on a traditional capital and interest or interest only basis. While a traditional OAP mortgage may have higher monthly repayments than interest only mortgages, these types of mortgages pay down capital borrowed over the term of the mortgage. An OAP deciding on an interest only mortgage will need to organise another separate investment as this will be needed to pay off the original mortgage taken out once the OAP mortgage term ends.

Though we can secure our clients finance, we do not offer any advice on investments but can direct those seeking an interest only OAP mortgage towards a number of reputable Independent Financial Advisers.

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

To speak to one of our team dealing with finding the most competitive OAP mortgage, call us today.

How to get in touch

Feefo logo

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