Pensioners

Buy to Let Mortgages for the Over 60s to 90s

Buy to Let Mortgages for the over 60s to 90s are available through Capital Fortune.

We typically advise our clients aged over 60 up to 90 on buy to let mortgages who are either buying or remortgaging an existing property.

Rates are currently available under 3% and with a minimum deposit of 20% for purchases or minimum property equity of 20% for remortgages.

Feel free to contact us if you have an enquiry either by telephone or using the contact options to the right.

 

Home Loans for Pensioners and Over 60s

Home Loans for Pensioners and Over 60s - are mortgages offered by mortgage lenders who assess and accept a pensioner’s annual income on the basis of their pension income or employed/self employed 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 home loans for pensioners and the over 60s as such income may or may not be guaranteed.

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 90. We are specialists in this area.

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.

For more information on our home loans for pensioners and over 60s, call us today 

Mortgage For 60

Mortgage For 60 - A mortgage for 60 plus clients is a mortgage aimed at those close to pension age and those approaching retirement. The restriction of credit available to 60-year-olds and above, along with the general limitations involved with anyone acquiring a mortgage, has made getting a mortgage for 60-year-olds harder than in previous years.

However, on the basis of your pension income, both state and private, as well as any other investment or income, we are able to offer you a range of mortgages to obtain the capital that you require. This could be on a capital and interest repayment basis, an interest only mortgage, an ISA mortgage or a pension linked mortgage for 60-year-olds. A mortgage taken out on a repayment basis pays off both the interest and the initial lump sum borrowed at the same time. This is in contrast to an interest only mortgage where only the costs of borrowing are paid off. This leaves home owners to find another investment to pay off the capital at the end of the fixe d term. Nevertheless, monthly repayments can be lower than a traditional repayment mortgage.

A mortgage for 60 and above customers may be needed for a variety of reasons. You may want to raise funds for home improvements, a holiday or a new car. Alternatively, you may be looking to consolidate existing debt or to remortgage away from your current lender to secure the best deal available.

It can sometimes be hard to spot the best deals when seeking a mortgage without help, particularly in light of the number of mortgages available and the vast range of products on the market. This is where our committed team of brokers specialised in finding a mortgage for 60-year-olds and over can assist. Using our comprehensive panel base, we can talk you through your available options and will be able to advise you on the most suitable and affordable mortgage deals.

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 mortgage for 60 specialist advisors.

Mortgage For Elderly

Mortgage For Elderly - Mortgage for elderly people and pensioner finance are mortgages available to those in or near to retirement. The credit available for the elderly, as well as the restriction of credit available generally, has made finding a mortgage for elderly people harder. While there are a variety of options open to elderly people seeking finance, obtaining the most appropriate and suitable mortgage for elderly clients in the current climate can be a difficult process.

Whether you are looking to consolidate existing debt, raise funds for repairs to your home or remortgage away from your current lender, we will be able to assess which lenders are likely to give you the capital you are looking for and the better deal you deserve.

Based on the elderly persons’ pension income, both state and private, we can advise you on whether a capital and interest repayment, an interest only or an ISA mortgage is the most appropriate. Capital and interest refers to paying down both the interest charged on the mortgage and the actual lump sum itself.

This contrasts with an interest only mortgage for elderly people, where only the charges e.g. interest, are paid each month, leaving the lump sum to be paid at the end of the term. This will come from the ISA or other investment linked to the mortgage set up by the elderly person.

Whatever your situation is when seeking a mortgage for elderly people, our team of specialist mortgage brokers will strive to get you the best possible deal available.

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

For expert mortgage for elderly borrowers advice and assistance, call us today.

Mortgage For OAP

Mortgage For OAP - Mortgage for OAP deals have become increasingly hard to secure in recent years since lenders have to be satisfied that the finance is absolutely affordable when offering a mortgage for OAP clients. Huge holes in state and private pensions have made obtaining credit, particularly high levels of credit such as a mortgage, more difficult, stressful and the search can be time-consuming. Using our comprehensive panel base however, our brokers are capable of finding the most suitable and affordable mortgage for OAP deal, depending on your personal circumstances.

We can offer a range of lender products providing a mortgage for OAP clients on both a repayment and interest only basis. These products are also available as a fixed rate mortgage for OAP’s, tracker rates, capped rates, variable and discount rates. After discussing your requirements and personal situation, we will be able to search the market and find a mortgage for OAP deal that suits you. Whether you opt for a traditional repayment mortgage, paying down both capital and the cost of borrowing simultaneously, or an interest only OAP mortgage, our brokers will process your application to a time frame that suits you. We will take you through all steps required, giving you the best chance of being successfully granted finance.

We potentially can secure a mortgage for OAP clients up to the age of 85 and are confident we can find our customers the most competitive rate on the market. Whether you are securing funds for an extension on your home, consolidating debt or looking for a better deal than your current provider is offering, our specialist team of mortgage for OAP brokers can help take the stress out of finding the right deal.

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 our mortgage for OAP advisory team, call us now.

Mortgage For Over 65s

Mortgage For Over 65s - Mortgage for over 65s refers to the available mortgage deals sought by individuals over the age of 65 seeking to purchase a buy to let or residential property within the UK. A mortgage for over 65s has been difficult to obtain for a number of individuals over the recent years since the economic downturn, with a number of mortgage lenders unwilling and reluctant to offer products to individuals over a certain age. To obtain the most suitable and cost effective mortgage for over 65s on the market, specialist advice and assistance is often required. This is where we can assist.

With a number of mortgage lenders throughout the country having worries over an applicants potential income, age and wealth assets, a mortgage for over 65s product is often associated with strict criteria and stricter than many other mortgage products. Our expert team are able to guide and assist you throughout the application process, swiftly taking you through the terms and conditions of the available mortgage packages holistically to find the deal which suits your individual needs most.

Our role is to find the optimum financial result for you. We are a comprehensive panel of lenders mortgage broker with years of experience specialising in a mortgage for over 65s and other pensioner mortgage products on the market. Our specialist team have built up strong and established relationships with a number of mortgage lenders throughout our existence.

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

A mortgage for over 65s can be found through our specialist team. Contact us today.

Mortgage for over 70s

Mortgage for over 70s - Mortgages for over 70s can often be difficult to find. Since the economic downturn, a number of mortgage lenders have become increasingly reluctant to offer a mortgage for over 70s due to the risk associated with their age and potentially unsustainable income over the long term. However, with the right help and assistance, the right mortgage for over 70s deal can be found for individuals. This is where we can assist.

With years of experience obtaining mortgage packages for over 70s, our team know the best deals available for clients on the market. We have established excellent relationships with a number of lenders offering a mortgage for over 70s throughout the years and can use our contact with senior underwriters to often obtain deals not available to individuals on the open market.

Using our comprehensive panel base, we will be able to advise as to whether a UK or international bank, private lender offering a mortgage for over 70s package or a local building society will be most suited to your individual needs and circumstances. In addition, understanding the complex nature of many mortgage packages available for over 70s, our team will complete all the relevant documentation required to ensure your mortgage transaction is secured.

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

A mortgage for over 70s may be difficult to obtain. Contact us today to find the best available deal on the market.

Mortgage For Pension

Mortgage For Pension - Mortgage for pension refers to a mortgage that can be secured by a pension fund. Although property purchases are not valid investments for Personal Pension Plans (PPPs), a mortgage for pension investments can be secured through a Self-Invested Personal Pension (SIPP). With stock market investments often highly volatile, property secured through mortgage for pension funds can be a relatively stable investment and qualify for certain tax breaks. In addition, a mortgage for pension investments can also be used, in the case of SIPPs, to purchase a property for the beneficiary (customer) of the SIPP fund. A commercial property purchased for the beneficiary allows rental payments to be deducted from income, despite proceeds going towards the SIPP fund.

We have substantial experience arranging mortgage for pension packages for clients with a range of circumstances. Our specialists are able to match the right mortgage for pension package from the right lender to the right client. As a comprehensive panel of lenders mortgage broker, we source packages from a range of lenders and provide impartial assistance. As well as identifying competitive packages, we can source a number of mortgage for pension finance options from a comprehensive panel of lenders including pension finance options that are not available on the open market to save you money.

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 or contact us online for more information and professional mortgage for pension fund advice.

Mortgage For Pensioner

Mortgage For Pensioner - Mortgage for pensioner mortgages are high value loans secured to your house taken out by anyone in or approaching retirement. A pensioner may find it hard to secure a mortgage based on their age, income from pensions or other investments or preferred repayment option. However, our specialised mortgage for pensioner team of brokers will be able to find a suitable and affordable plan to suit almost any mortgage for pensioner client.

We can offer mortgages through a variety of repayment methods and give advice as to which will suit your personal requirements best to give the most economical deal on your mortgage. For pensioners, we have secured loans on a repayment basis where both the mortgage value and borrowing costs are paid off simultaneously and interest only mortgages. This type of mortgage for pensioner requires a further investment such as a pension or ISA, as this will be needed to pay down the original lump sum at the end of the term. Though we can offer finance, anyone seeking a mortgage for pensioner on an interest only basis will need to speak to an Independent Financial Advisor about any investments as we are unable to offer investment advice.

You may wish to raise funds for an extension on your house or a luxury item purchase such as a sports car. It may be the case you are seeking a more reasonable rate on your current mortgage or a consolidation of debt. Whatever the reason you have for securing extra finance, our mortgage brokers skilled in the mortgage for pensioner market will be able to find you the most competitive deal.

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 now and our advisors will be able to offer a complete service to find the best mortgage for pensioner deal.

Mortgage For Pensioners

Mortgage For Pensioners - Mortgage for pensioners deals can sometimes be confusing and many clients may not know where to seek out the best rates. A mortgage for pensioners can be offered on a number of repayment methods based on the applicant’s income from their pension or other investments and their age. Our comprehensive panel team of brokers can find the most suitable and economically sound mortgage for pensioners and will be able to assist you in finding the right deal.

We can offer a full and comprehensive mortgage for pensioners service completing all necessary paperwork in a time frame that suits you and will not stop searching for a better mortgage for you even after your application for funding has been processed. Regardless of whether the mortgage for pensioners is for home improvements, to raise capital for a holiday, consolidating debts into one convenient monthly payment or to find a more competitive deal on your existing mortgage, our team of mortgage for pensioners brokers will be able to find the right mortgage for you.

Our expert mortgage for pensioners’ advisory team can offer you a traditional repayment mortgage where both capital and interest are paid down concurrently or an interest only mortgage. Though these normally have lower monthly payments, they require the pensioner with a mortgage to provide another investment to pay off the initial lump sum at the end of the term such as a private pension, ISA or endowment policy. While we are unable to give investment advice, our advisers will be able to tell you which is the best finance option for your personal circumstances when seeking a mortgage for pensioners.

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 mortgage for pensioners 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