Pensioner Mortgage

Pensioner Mortgage

Pensioner Mortgage - Pensioner mortgage clients will typically be over 60 and in retirement, however this is an umbrella term for any pensioner mortgage. A pensioner mortgage may be sought to raise money for to purchase a car to aid mobility, home improvements such as redecoration or a conservatory or a pensioner may want to remortgage from their current pensioner mortgage provider to simply seek out a cheaper deal or combine all of their outstanding debts into one easy balance.

Whatever your reason for seeking out a mortgage, our team of advisers, skilled in brokering all types of pensioner mortgage, will use our comprehensive panel base to find you the most appropriate deal for your specific individual circumstances. We can offer a pensioner mortgage on a repayment or interest only basis. Those seeking to obtain a pensioner mortgage must understand that if opting for an interest only mortgage, the original mortgage value will need to be paid off at the end of the term using another investment such as an ISA or their pension. Repayment mortgages pay off both capital and interest simultaneously meaning mortgage debt is settled when the end of the term is reached.

We can secure a pensioner mortgage or finance but we cannot advise on any investments so if customers are seeking an interest only pensioner mortgage they will need to obtain separate investment advice from an Independent Financial Adviser.

We recognise finding the best deal can be both time-consuming and stressful for many of those seeking a pensioner mortgage and this is where our team of mortgage brokers can assist. We will discuss your available options, advise you on what pensioner mortgage will make the most economical sense and then regularly review your case to see if you are still getting the best pensioner mortgage you possibly can.

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

Interested in discussing your pensioner mortgage with one of our advisers? Call us today.

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