Pensioners

Mortgage For The Over 60s

Mortgage For The Over 60s - Mortgage for the over 60s refers to the available mortgage options sought by individuals over 60 for their residential or buy to let property within the UK. A mortgage for the over 60s will often be more difficult to obtain than for younger clients, although with the right help and assistance the optimum financial result can be obtained. A mortgage for the over 60s will often be assessed by a number of mortgage lenders on a pensioner’s annual income and can be secured via both state and private pension income. In addition, most lenders offering a mortgage for the over 60s may accept other investment income from individuals, such as shares and other investment vehicles.

For individuals looking for a mortgage for the over 60s, it should also be noted that in the current climate a number of lenders have become increasingly cautious to offer mortgage solutions to pensioners and a bespoke and holistic service may be required to obtain the right deal for your individual needs and requirements. With years of experience finding the best available mortgages for the over 60s on the market, our expert team can find the right deal for you.

Our team have established strong relationships with a number of lenders offering a mortgage for the over 60s and can use our links to obtain deals not available for individuals on the open market. We understand the stress in securing a mortgage for the over 60s, vowing to guide and assist you throughout your application until the right financial result is found.

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 the over 60s which suits your individual circumstances can be found using our help. Call us today.

Mortgage Over 70

Mortgage Over 70 - A mortgage over 70 is intended for anyone in retirement seeking a mortgage over 70 years of age. Based on your pension income, we can offer you a range of mortgages for people to suit your circumstances and financial need. You may be looking to remortgage away from your current lender to find a more competitive deal or raising capital for house repairs or improvements. You may even by looking to combine all of your debts into one single monthly payment.

Though credit available for mortgages has been restricted over recent years, our comprehensive panel mortgage brokers, skilled in finding mortgages for over 70 year olds, can find you the most competitive rates on the market and will regularly review your case in search of a more economical deal. Having assessed your needs and criteria, we will be able to tell you which lenders will be likely to accept your case, based on your income, financials need and how you would like to repay your mortgage.

Whether you want to pay off both the interest and capital of your mortgage each month or simply just the interest, our experienced team of brokers can talk you through the range of repayment options, to suit your personal requirements. Those over 70 should note that if opting for an interest only or ISA mortgage, monthly repayments will be less than a conventional mortgage but the mortgage amount will have to be paid down in whole at the end of the term and any shortfall between ISA or pension and mortgage value will have to be met by them.

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

If you are looking for a mortgage over 70, call one of our advisory team who will be happy to assist you.

Mortgage Over 75

Mortgage Over 75 - Securing a mortgage over 75-years-old can be difficult. Lenders need to be sure they will get a regular return from their investment and due to the uncertainty surrounding pension payments, particularly in light of huge holes in both government and private sector pensions, this can make finding and securing a mortgage over 75 look increasingly problematic.

However, our mortgage brokers, using our comprehensive panel base, can find you the right mortgage for you. We will be able to tell you which lenders you are likely to obtain a loan from and will be able to carry out all the necessary paperwork for you.

We can secure you a mortgage on capital and interest repayment basis, where both the mortgage total and interest charged are paid down each month, or an interest only mortgage, linked to an ISA or your pension. These pay off the interest each month meaning monthly repayments are typically lower than a traditional mortgage but this leaves the whole amount to be payable at the end of the term, using an ISA, pension or another investment.

You may want to raise capital for home repairs, consolidate debts into a manageable monthly repayment or you may be looking to find a more competitive deal on your current mortgage. Whatever reason you have for seeking out finance, our brokers will devote themselves to finding you the best deal on the market and will regularly review your case even after we have secured your mortgage to find you a better 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 one of our expert mortgage brokers who deal specifically with people who have difficulty finding a mortgage over 75, call us today. We look forward to finding you the mortgage you deserve.

Mortgage Over 80

Mortgage Over 80 - Mortgage over 80 and mortgages obtained by 80 year olds and over are harder than ever to obtain individually. Many banks and high street lenders are becoming increasingly risk averse since the credit crunch. Though it has always been difficult for mortgage over 80 applicants to gain a competitive rate due to issues regarding retirement income, affordability and other age related factors, the recent credit crunch and unwilling high street lenders are now often rejecting applications which they would not have before.

This is where we can help. We offer a bespoke and holistic service to all mortgage over 80 clients. Our mortgage advisers have built up established and built up relationships with many senior underwriting staff at many mortgage over 80 providers. Using our comprehensive panel base and relationships obtained, we will seek to secure you the most suitable and cost effective deals for your mortgage over 80 finance and banking solutions.

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. Our expert advisory team will quickly guide you whether a private mortgage over 80 lender, UK or international bank or building society will be most suited to your individual needs and requirements.

Furthermore, we also guarantee to fill in all the necessary paperwork required, within your specific timescales to secure your successful mortgage over 80 transaction.

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

Contact a member of our mortgage for 80 advisory team today. We look forward to taking your call.

Mortgage Senior Citizen

Mortgage Senior Citizen - Mortgage senior citizen packages can often be difficult to find. Since the economic downturn, a number of lending institutions both in the UK and internationally have been unwilling to offer a mortgage to senior citizen clients, with additional stringent criteria being added for those looking to find the right mortgage. Senior citizen clients may require a personalised service to find the optimum financial result for their individual needs. This is where we can assist.

A mortgage senior citizen package, if accepted, will vary dependant on a number of circumstances. The age of the prospective mortgagee will be assessed, with their annual pension income and any other investment vehicles they may have added to boost their application. In addition, with mortgage lenders often reluctant to offer mortgage senior citizen deals, there often may need to be evidence to show that a sustainable income stream can be guaranteed.

Our expert mortgage team, specialising in mortgage senior citizen packages, will guide and assist you throughout your mortgage application until the best available mortgage package for you is secured. As well as scouring the market for the most suitable deal from our comprehensive panel base, we will complete all the necessary paperwork required to ensure your mortgage application is completed.

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

Looking for a mortgage? Senior citizen clients can find the best available mortgage packages on the market. Contact us today.

Mortgages Beyond Age 75

Capital Fortune do assist clients arrange mortgages beyond age 75 providing it can be demonstrated that the mortgage will be affordable in retirement.

Our clients tell us that the high street lenders usually place an arbitrary cap on age at the end of the mortgage of either 65, 70 or 75. This often leaves them frustrated that they can no longer get a mortgage due to their age or concerned that, even though they have a very good income, they could be declined for a mortgage taking them beyond age 75.

Capital Fortune have years of experience in assisting clients obtain a mortgage beyond their 75th birthday with trusted lending institutions who have been in business for more than 100 years.

We have provided a summary of some the current rates and mortgage products below for clients aged between 60 and 90.

If you require any assistance, feel free to contact us to discuss your particular situation and we will quickly let you know whether we can assist.

Mortgages For Elderly

Mortgages For Elderly - Mortgages for elderly clients are loans for the elderly seeking a mortgage. When looking at mortgages for the elderly, you may be seeking a more competitive rate on your existing mortgage or to consolidate your outstanding debt into one monthly repayment. You may simply want to raise capital for essential home improvements or house repairs. Whatever the grounds for needing finance, our team of brokers experienced in mortgages for elderly customers can utilise our comprehensive panel search tool to secure you the best possible deal on all mortgages for elderly clients.

Once we have assessed your income, age and preferred repayment type, we can offer mortgages on a traditional repayment basis or interest only. When deciding to take out traditional mortgages, elderly citizens must note that monthly repayments will typically be higher than those that come with an interest only payment method. Those opting for interest only mortgages for elderly customers will need to ultimately speak to an Independent Financial Advisor to discuss an investment to pay off the initial mortgage value when the mortgage draws to a close. This could be a pension fund, ISA, endowment policy or other vehicle.

We have an established team of brokers who can make it easier to secure successful mortgages for elderly persons due to our excellent relations with senior underwriters at international and domestic banks. We understand it can be a protracted and stressful process trying to secure funding and it is our responsibility to make it as stress-free as possible.

Our brokers will complete all paperwork within your time frame and will regularly review your case to make sure you receive the best deal on your mortgages for elderly persons.

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

Need advice on which mortgages for elderly citizens are right for you? Call us today.

Mortgages For Elderly People

Mortgages For Elderly People - Mortgages for elderly people have become increasingly difficult to secure over recent years. The restriction on mortgages for elderly people together with the limitations on credit available generally has had a detrimental effect on elderly people securing mortgages. This is due to the general mortgage market but in addition is coupled with concerns over serving the mortgage into retirement and the uncertainty of payments from pension funds, both state and private, where large gaps in funding have been identified and widely recognised.

However, using our mortgages for elderly people comprehensive panel base, our team of brokers can take you through the range of mortgages for elderly people and can offer a higher chance of successfully obtaining your requested finance. This is due to our good working relationships with underwriters at banks and building societies across the UK. We offer a fully comprehensive mortgages for elderly people service, finishing all documentation to your time scale and reviewing your case on a regular basis to ensure you get the best rates available on mortgages for elderly people.

Taking into account the applicant’s age, income and repayment method requested, we can potentially secure mortgages for elderly people up to 85 years old on interest only basis or traditional repayment mortgages. On a repayment mortgage both capital and interest are paid down concurrently. This pays off the outstanding capital by the end of the term, providing all payments have been made in full and on time. However, monthly payments will generally be lower with interest only mortgages for elderly people, though another investment will be needed to pay the mortgage value in full when the mortgage contract has finished. Elderly people will need to talk to an Independent Financial Advisor if they wish to arrange an interest only product to organise an appropriate investment vehicle

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

Our brokers can take the stress out of finding mortgages for elderly people. To speak to one of the team specialising in securing mortgages for elderly people, call us today.

Mortgages For OAPs

Mortgages For OAPs - Mortgages for OAPs are capital loans focussed on pensioners seeking finance for an OAP mortgage. Clients may seek mortgages for OAPs if they want to make refurbishments to their house or wish to consolidate their existing finance by combining all of their outstanding debt into one repayment each month. Some clients may simply be looking to move away from their current mortgages for OAPs provider to find a better deal on their existing contract.

Our team of brokers dealing with mortgages for OAPs will be able to recommend the most favourable deals for your personal circumstances. Whether customers wish to pay down both interest and capital of mortgages or just the interest generated each month, our specialist brokers dealing with mortgages for OAPs will search the market and complete all necessary paperwork to your requested time frame. This will take the stress out of what could be a very stressful and lengthy process.

We can advise clients on the type of mortgages for OAPs they can successfully obtain and will explain the full details to them. OAPs must note, that if opting for interest only mortgages, a separate investment will be needed to pay the initial mortgage value at the end of the term. This requires a further investment.

As comprehensive panel brokers, we can secure our clientele with the most suitable mortgages for OAPs however, we cannot offer any advice or recommendations on other investments. We will direct you to an Independent Financial Advisor in the event of your requiring any further investment.

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

If you are seeking out mortgages for OAPs, call our advisory team today.

Mortgages For Old Age Pensioners

Mortgages For Old Age Pensioners - Mortgages for old age pensioners are mortgages for old age pensioners seeking finance in retirement. It has been difficult in recent years for this demographic to acquire large amounts of finance because of concerns regarding the long-term serviceability of the mortgage contract and also doubts regarding pension payments in general. This is in relation to widely recognised large holes in state and private pensions. However, some national lenders are still offering mortgages for old age pensioners.

Using our comprehensive panel base, our specialist team with expertise in mortgages for old age pensioners will search a comprehensive panel of lenders for the most suitable and affordable mortgages for old age pensioners. We offer a complete service, processing your paperwork to a time frame that meets your requirements and regularly reviewing your case to ensure all clients are still getting the most out of their mortgages for old age pensioners. Based on income from pensions, investments or any other income, as well as taking into account the age of the applicant, we can potentially secure funding for customers up to 85 years old on a capital and interest or interest only basis.

While interest only mortgages for old age pensioners will normally have lower monthly repayments than a traditional repayment mortgage, these require a further investment to pay down the original lump sum at the end of the term. We can secure our clients favourable mortgages for old age pensioners deals. We cannot offer advice on investments so will refer anyone needing investment advice to a number of Independent Financial Advisers.

Our expert team of brokers, skilled in finding mortgages for old age pensioners, are sure that we can find our clientele the most competitive and suitable mortgages, taking the pressure away from you.

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 for more information and advice on mortgages for old age pensioners.

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