Pension Mortgages

Pension Mortgages

Pension Mortgages and Pension income mortgages are mortgages offered by mortgage lenders who assess and accept a person’s annual income on the basis of their pension income. Pension income can be derived from private and State pensions and may be supplemented by other investment income such as stocks and shares, premium bonds and other investment vehicles. In the current climate, lenders are cautious regarding pension income mortgages as such income may or may not be guaranteed and the age of the Applicant is also an important factor.

Capital Fortune have secured mortgages for more mature mortgage applicants up to the age of 85. We are specialists in this area.

We are also able to arrange mortgages to be placed in a pension if this is a requirement and a feasible option.

In deeming whether a mortgage is both suitable and affordable, mortgage advisers and mortgage lenders have to be sure that there is some form of track record to pension income and any other investment income. Many mortgage lenders show reluctance in underwriting these cases given concerns around the sustainability of the income stream.

At Capital Fortune, we understand these difficulties and our ability to contact senior underwriters to discuss you particular case and pension income with them directly, allows us to save you time, money and disappointment.

We understand our lenders and we understand their criteria. We will immediately know what lenders are likely to accept your type of pension income and which are likely to accept your case or otherwise.

In offering this expertise, Capital Fortune will strive to take the difficulty and time element out of your mortgage application.

We will obtain all the necessary documentation from you after our first discussion and will avoid cascading you with a range of further information regarding your pensions during the mortgage application. We will contact you via email, text message or mobile telephone at convenient times agreed by you.

Once the mortgage has been agreed, submitted and completed, your mortgage and mortgage protection needs will be constantly reviewed and in the event that new products become available, we will look to continually switch you to those products in order to increase the savings in a hassle free manner.

For more information on pension income mortgages, speak to one of our specialist Advisers on 020 77 100 400 or Enquiry Online.

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