OAP Mortgages

OAP Mortgages

OAP Mortgages - OAP mortgages have become progressively harder to secure over recent years. OAP mortgages lenders have become increasingly cautious of lending to an OAP because of issues of long-term serviceability of mortgages from pension income and the uncertainty over the release of pension funds in both state and private pension provisions. However, using our comprehensive panel base and strong associations with underwriters at some of the UK’s leading OAP mortgages providers, our team of brokers can find customers the most suitable and economical mortgage deal. The OAP mortgages offered are subject to t he applicant’s income from pensions, investments or any other in co me and of course, the actual age of our OAP client.

Using a traditional repayment mortgage leaves clients debt free at the end of their term so long as all payments are made in full and on time. However, they do typically have higher monthly repayments than interest only OAP mortgages. Those customers opting for an interest only basis mortgage will need to arrange a separate parallel investment product such as an ISA or other investment. They will be advised to speak to an Independent Financial Advisor to arrange the parallel investment in order to pay the capital element of their OAP mortgages.

Finding the right OAP mortgages can be a taxing process for some people but our brokers are experienced in this area and after discussing your age, financial needs, preferred repayment method and the income generated from pensions or investments, we will be able to discern which lenders are likely to take your case and who is offering the most affordable OAP mortgages deal.

Regardless of if you are seeking a more competitive rate on existing OAP mortgages or raising funds for home repairs or the consolidation of debt, our brokers can assist you. We offer a comprehensive OAP mortgages service, completing all documentation to a time scale that suits you and regularly reviewing your case to ensure you receive the most competitive OAP mortgages available.

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 today to speak to one of our team and we will be able to advise you of the available OAP mortgages from a comprehensive panel of lenders.

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