Pensioners Mortgage

Pensioners Mortgage

Pensioners Mortgage - Pensioners mortgage customers will typically be pensioners in or near to retirement age who are seeking a mortgage for a variety of reasons. Our excellent team of mortgage brokers have built up strong working relationships with senior underwriters at some of the biggest lenders offering pensioners mortgage solutions both in the UK and internationally. With our comprehensive panel base, we can offer pensioners mortgages on both a capital and interest or on an interest only basis.

While an interest only pensioners mortgage product will generally have lower monthly costs than a traditional repayment mortgage, customers must understand it leaves the original sum borrowed to be paid off in full at the end of the term. Monthly repayments on interest only pensioners mortgages simply pay the costs of borrowing each month so another investment will be needed to settle the debt. This parallel vehicle can be financed through a private pension, ISA or an endowment policy. However, we are unable to advise you on ant type of investment. If you require an interest only pensioner s mortgage you will need to speak to an Independent Financial Advisor who can assist you with all types of investment products.

We realise that finding a pensioners mortgage can be difficult with so many competing deals on the market which is why our team of brokers are here to offer you assistance. We will be able to tell you what lenders are likely to finance your pensioners mortgage based on your specific requirements and circumstances and will regularly review your case after we have processed your application to make sure we obtain the best deal we can.

If you require funds for a loft conversion, conservatory or other home improvements, or if you are looking to move away from your current lender in search of a more favourable rate, our advisory team specialising in securing a pensioners mortgage will take you through your available options. This will be based upon affordability and is subject to your ability to pay based on age and income from pensions or other investments.

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 talking to one of our experienced pensioners mortgage brokers? 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