Pensioners

Over 80 Mortgage

Over 80 Mortgage - Over 80 mortgage refers to the obtaining of a loan, mortgage or financing solutions for those seeking a property over the age of 80. It has always been difficult for over 80s looking to secure a mortgage due to issues regarding affordability, retirement income and other age related factors. Furthermore, the recent credit crunch has made the process of securing an over 80 mortgage even more problematic. Increasing reluctance from high street banks and building societies to lend to pensioners means those seeking an over 80 mortgage may benefit from the services of a mortgage broker. We offer a bespoke and holistic service to our clients seeking an over 80 mortgage. Using our comprehensive panel base, we will be able to find our customers a suitable and affordable deal for their over 80 mortgage application.

Our advisory team who deal with those seeking an over 80 mortgage are experts in placing our clients with the right lender at the right rate but importantly at the right time. We have built up strong and established relations with many leading underwriters working for providers of over 80 mortgage finance and loans. Using our relationships with these companies, our team can increase the chances of your over 80 mortgage application being successful.

The mortgage brokers we have will briskly be able to tell you whether a private over 80 mortgage lender, UK or international bank will be best equipped and most suitable for your specific needs and requirements. In addition, we realise how difficult the process of obtaining an over 80 mortgage can be for the individual and our specialist team guarantee to fill out all the necessary and critical documentation required to complete a successful application.

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 an over 80 mortgage? Contact one of our pensioner mortgage advisers today.

Pension Income Mortgages

Pension Income Mortgages - Pension income mortgages are mortgages that are appropriate for those in retirement and currently being paid a pension – either state, private or both. Depending on the size of your pension fund, existing assets and other incomes and savings, pension income mortgages vary greatly. Pension income mortgages may also be complicated in some instances by personal requirements from lenders, such as age limits, making it hard for pensioners to receive a mortgage with a lengthy term when over 70 years of age in many cases.

The fragmented nature of some individuals’ pension contributions can further complicate whether you are applicable for pension income mortgages, as many pensioners receive payments from a number of past employers, depending on the lengths of past periods of employment.

Whether you are of retirement age, or planning your options as you go into retirement, considerations of pension income mortgages need also to take into account any tax credits and supplementary government-granted income that may be relevant. These range from the winter fuel allowance, which is a tax-free additional income, to Support for Mortgage Interest (SMI) payments for those on low-incomes. All government sanctioned benefits are susceptible to change as public policy of the Treasury changes, as detailed in budgetary statements by the Chancellor of the Exchequer each year.

At Capital Fortune, our award-winning team have years of experience in finding appropriate pension income mortgages for our clients. We know that finding the right pension income mortgages can be complicated by a number of individual and personal criteria, so making sure you have full support and information you need from start to finish is our priority. Whatever your age and income, contacting our professional team can be the first step towards finding the right pension income mortgages tailored to your financial requirements.

Call our mortgage broker team now on 020 77 100 400 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.

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.

Pensioner Interest Only Mortgages

Capital Fortune is a bespoke mortgage broker based in the City of London specializing in securing pensioner mortgages for people between the ages of 60 and 90. We assist clients obtain the right mortgage and ensure they qualify for the best rates available to them and us from the whole of the market.

We have been voted the Overall Adviser of the Year for the largest UK mortgage and protection network, two years in a row and have recently won the mortgage lenders industry award for Excellence in Treating Customers Fairly.

Many of our pensioner mortgage clients watched us commenting on the credit crunch on BBC TV Newsnight and supported our shortlist for Best UK Mortgage Adviser at the prestigious Money Marketing Financial Services Awards 2011. Many have given us testimonials and referrals because of our work.

Pensioner mortgage clients fully understand it is now more difficult to obtain a mortgage once you are 60. This becomes more problematic once you reach 65, 70 and 75 despite us living and working much longer than our own parents. This is why, when we arrange a mortgage we dont just look at the lender, the product or the rate, we also consider the length or term of the mortgage you are likely to require.


Our most mature client was 82 when we helped him, and we can assist people in similar situations. Our Advisers are available to take you through all the options available and you can call us on our national low rate number or request a call back online, whatever suits you best.

They arranged a remortgage for us, age 73 which is unusual and certainly must have been difficult. It went through smoothly, more smoothly than any other mortgage Ive taken out RH, Middlesex

Clients who make contact with us often tell us of their frustration at the current restrictions on pensioner finance. They have appropriate income to support the mortgage and have significant equity in their home. They do not understand why many UK lenders will not consider their individual circumstances or refuse to offer mortgages for an appropriate term.

 

In order to qualify for pensioner mortgages and for us to assist, pension income must be sufficient and be derived from either private or State pensions. Your pension income can also be supplemented by other investment income such as stocks and shares, premium bonds and other investment vehicles if you have them, although this may not be a necessary requirement. Our Advisers will tell you, what will qualify as appropriate income and on calling, we will discuss in detail your individual and personal requirements.

What I believe is so special is that they really care about people Dalia H, Hampstead

At Capital Fortune, we know our lenders, we know our products and our rates. We have assisted a large numbers of clients over the age of 60 obtain a pensioner mortgage and often because of our relationships with lenders, we can secure them at standard rates. We refuse to allow lenders to charge more, simply because our clients may be older. On speaking to one of our Advisers you will quickly realise our independence is fundamental and we solely act on your behalf.

 

 
People over the age of 60, still buy property and we have helped a number of clients who have reached pension age and are looking to purchase a new home.
They were so helpful and so friendly. We felt we were talking to friends rather than just some firm trying to make money from us Mrs Harris, London

Whatever the reasons for your pensioner mortgage, we know our market and understand our lenders. Our job is to place you our client, with the right lender, at the right rate and at the right time.
Capital Fortune are a blessing..I feel like Ive got the best rate on the market and a very personable and friendly service Reuben SE27

Our experience offering mortgages for pensioners requires us to first check and confirm that the mortgage is affordable and suitable. This will require some form of regular income at the very least from State or private pension. You may have investment or rental income and if so this can be taken into account. We can also use earned income if you have continued to work either on an employed or self employed basis.
 
In deeming whether a mortgage is both suitable and affordable, mortgage lenders have to be sure that there is some form of track record to pension income and any other investment or earned income. Many lenders show reluctance in underwriting and agreeing these cases often given concerns around the sustainability of the type of income or earnings stream. We will need to assess whether it is guaranteed and or whether it is long term.
 
We understand these difficulties given our experience and our ability to contact senior underwriters to discuss you particular case with them directly, allows us to save you time, money and ultimately disappointment.
 
We will immediately know what lenders are likely to accept your type of income and which lender will agree our pensioner mortgages application.

We are now on our second mortgage with Capital Fortune and recommend them to friends and family Eric, London

On calling us, we will confirm all your details to assess whether they meet the mortgage criteria. If so, and on you choosing to work with us, we will provide you with a full written mortgage illustration that will include all the details and costs involved in the new mortgage. This will outline the exact rates payable and importantly, your new monthly mortgage payments. Regular feedback from our clients tells us this information is invaluable.

 

We will take you through the reccomended mortgage product in fine detail. The ' key facts' mortgage illustration is one of the most important documents you will receive as it allows you to make an informed choice. At Capital Fortune we will also provide you with a full written report detailing why we have reccomended the specific mortgage and justify, it is the most suitable and affordable mortgage product available to us from the whole of the market. Our clients tell us receiving our report and recommendation in writing gives them added peace of mind.
 
The process is quick and efficient and starts with a call to us on us on our low call rate number or request a call back online. You can choose whatever suits you best.

It was quite an easy decision to make.the run of the mill mortgage brokers really werent going to be able to help me on this one. I would recommend them to any one asking and I do so too Joe Crosby, Golders Green

 

For assistance on our Pensioner Mortgages, call us today on 020 77 100 400 or Enquiry Online.

 

 

 

 

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.

Pensioner Mortgages

Capital Fortune is a bespoke mortgage broker based in the City of London specializing in securing pensioner mortgages for people between the ages of 60 and 90. We assist clients obtain the right mortgage and ensure they qualify for the best rates available to them and us from the whole of the market.

We have been voted the Overall Adviser of the Year for the largest UK mortgage and protection network, two years in a row and have recently won the mortgage lenders industry award for Excellence in Treating Customers Fairly.

Many of our pensioner mortgage clients watched us commenting on the credit crunch on BBC TV Newsnight and supported our shortlist for Best UK Mortgage Adviser at the prestigious Money Marketing Financial Services Awards 2011. Many have given us testimonials and referrals because of our work.

Pensioner mortgage clients fully understand it is now more difficult to obtain a mortgage once you are 60. This becomes more problematic once you reach 65, 70 and 75 despite us living and working much longer than our own parents. This is why, when we arrange a mortgage we dont just look at the lender, the product or the rate, we also consider the length or term of the mortgage you are likely to require.


Our most mature client was 82 when we helped him, and we can assist people in similar situations. Our Advisers are available to take you through all the options available and you can call us on our national low rate number or request a call back online, whatever suits you best.

They arranged a remortgage for us, age 73 which is unusual and certainly must have been difficult. It went through smoothly, more smoothly than any other mortgage Ive taken out RH, Middlesex

Clients who make contact with us often tell us of their frustration at the current restrictions on pensioner finance. They have appropriate income to support the mortgage and have significant equity in their home. They do not understand why many UK lenders will not consider their individual circumstances or refuse to offer mortgages for an appropriate term.

In order to qualify for pensioner mortgages and for us to assist, pension income must be sufficient and be derived from either private or State pensions. Your pension income can also be supplemented by other investment income such as stocks and shares, premium bonds and other investment vehicles if you have them, although this may not be a necessary requirement. Our Advisers will tell you, what will qualify as appropriate income and on calling, we will discuss in detail your individual and personal requirements.

What I believe is so special is that they really care about people Dalia H, Hampstead

At Capital Fortune, we know our lenders, we know our products and our rates. We have assisted a large numbers of clients over the age of 60 obtain a pensioner mortgage and often because of our relationships with lenders, we can secure them at standard rates. We refuse to allow lenders to charge more, simply because our clients may be older. On speaking to one of our Advisers you will quickly realise our independence is fundamental and we solely act on your behalf.

 
People over the age of 60, still buy property and we have helped a number of clients who have reached pension age and are looking to purchase a new home.
They were so helpful and so friendly. We felt we were talking to friends rather than just some firm trying to make money from us Mrs Harris, London

Whatever the reasons for your pensioner mortgage, we know our market and understand our lenders. Our job is to place you our client, with the right lender, at the right rate and at the right time.
Capital Fortune are a blessing..I feel like Ive got the best rate on the market and a very personable and friendly service Reuben SE27

Our experience offering mortgages for pensioners requires us to first check and confirm that the mortgage is affordable and suitable. This will require some form of regular income at the very least from State or private pension. You may have investment or rental income and if so this can be taken into account. We can also use earned income if you have continued to work either on an employed or self employed basis.
 
In deeming whether a mortgage is both suitable and affordable, mortgage lenders have to be sure that there is some form of track record to pension income and any other investment or earned income. Many lenders show reluctance in underwriting and agreeing these cases often given concerns around the sustainability of the type of income or earnings stream. We will need to assess whether it is guaranteed and or whether it is long term.
 
We understand these difficulties given our experience and our ability to contact senior underwriters to discuss you particular case with them directly, allows us to save you time, money and ultimately disappointment.
 
We will immediately know what lenders are likely to accept your type of income and which lender will agree our pensioner mortgages application.

We are now on our second mortgage with Capital Fortune and recommend them to friends and family Eric, London

On calling us, we will confirm all your details to assess whether they meet the mortgage criteria. If so, and on you choosing to work with us, we will provide you with a full written mortgage illustration that will include all the details and costs involved in the new mortgage. This will outline the exact rates payable and importantly, your new monthly mortgage payments. Regular feedback from our clients tells us this information is invaluable.

We will take you through the reccomended mortgage product in fine detail. The ' key facts' mortgage illustration is one of the most important documents you will receive as it allows you to make an informed choice. At Capital Fortune we will also provide you with a full written report detailing why we have reccomended the specific mortgage and justify, it is the most suitable and affordable mortgage product available to us from the whole of the market. Our clients tell us receiving our report and recommendation in writing gives them added peace of mind.
 
The process is quick and efficient and starts with a call to us on us on our low call rate number or request a call back online. You can choose whatever suits you best.

It was quite an easy decision to make.the run of the mill mortgage brokers really werent going to be able to help me on this one. I would recommend them to any one asking and I do so too Joe Crosby, Golders Green

For assistance on our Pensioner Mortgages, call us today on 020 77 100 400 or Enquiry Online.

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.

Pensioners Mortgages

Pensioners Mortgages - Pensioners Mortgages are mortgages available to individuals approaching or already in retirement. Lenders offering pensioners mortgages assess a pensioners annual income on the basis of pension income. Therefore in deeming whether a particular product is suitable and affordable, lenders offering pensioners mortgages will ensure there is a track record of pension income and any other investment income. In cases where pensioners do not meet the income requirement, some lenders may still allow clients to obtain pensioners mortgages, provided they can get family member or close friend to act as a guarantor.

Pensioners mortgages may be on capital or interest only repayment terms. With a traditional repayment mortgage, both capital and interest are paid down concurrently. On the other hand, interest only pensioners mortgages require that pensioners only pay off the interest payments each month. 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.

With varying pensioners mortgages rates structures, finding the best deals can sometimes be confusing and many clients may not know where to seek out the best rates. We appreciate it can be overwhelming for clients to find the best packages. Our dedicated team of advisers at Capital Fortune can assist.

At Capital Fortune, we understand these difficulties and our ability to contact senior underwriters to discuss your 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 which lenders are likely to accept your type of pension income and which are likely to accept your case or otherwise.

Call our mortgage broker team now on 020 77 100 400 or complete the Mortgage Enquiry Online. As part of our service, we will call you back.

Pensioners Right to Buy

Pensioner's Right to Buy - are you, or are your parents, struggling to get a mortgage because of age?

Are you or your parents aged over 60 and looking to buy your existing home through the Right to Buy Scheme?

At Capital Fortune we have assisted clients aged over 60 purchase their home under the Right to Buy Scheme.

We typically assist clients over 60 who are looking to arrange a mortgage over a standard term of 20 to 25 years.

Mortgages available where the entire right to buy discount can be used as the deposit.

Feel free to telephone us or send us an enquiry to see if we can assist.

The overall cost for comparison is 5.4% APRC.  The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

Retirement Mortgage

Retirement Mortgage - Retirement mortgage deals are often difficult for individuals to obtain. Since the economic downturn, a number of High Street banks and building societies have become unwilling to lend to individuals seeking a retirement mortgage, preferring to lend to clients with fewer risks attached. With potential doubts cast over retirement income and available wealth those seeking a retirement mortgage may have, specialist advice and assistance may be required to obtain the optimum financial result. This is where we can assist.

Our retirement mortgage team are experts in placing our clients with the right rate at the right time and importantly with the right lender. Over a number of years our specialist team have built up outstanding relationships with a number of retirement mortgage lenders, utilising and exploiting these links to often obtain favourable deals not available to individuals on the High Street. Our role is to obtain the optimum financial result for you.

We understand the stresses of a retirement mortgage application and vow to assist you throughout your application from your initial enquiry until the completion of your application and beyond. Aware of any time constraints you may have, our team will quickly advise you as to which deal most suits your individual requirements, before completing all the necessary paperwork required to secure your transaction.

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

Seeking a retirement mortgage? Contact our specialist team 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