Mortgages For Senior Citizens

Mortgages For Senior Citizens

Mortgages For Senior Citizens - Mortgages for senior citizens and pensioner mortgages are capital loans sought by those of retirement age. They have become increasingly more popular with senior citizens in recent years but due to the current financial climate, many underwriters are becoming less willing to agree mortgages for senior citizens. This is because of the issues surrounding long-term affordability of mortgages for senior citizens using pension provisions in already saturated pension funds. However, there are lenders available. Our team of brokers specialising in securing mortgages for senior citizens will be able to assist in making the decision of which providers offer the most suitable and affordable mortgages for senior citizens.

We can help you secure finance by using our comprehensive panel mortgages for senior citizens base and the close working relations we have built up with underwriters at some of the UK’s largest banks and building societies. The deal we find you will be one of the most competitive mortgages for senior citizens on the market. Upon assessing your age, personal circumstances and financial request, we will be able to place you with the lender that offers the best deals for mortgages for senior citizens.

Our team working in finding mortgages for senior citizens will regularly review your case up until the end of the mortgage to consider if you are still receiving the best rate on your mortgage. We will make contact if a better rate appears. We can offer mortgages for senior citizens on fixed, tracker, variable or capped rates.

Fixed rate mortgages for senior citizens will have a set interest rate for a period of time, normally a number of years, and then follow the variable rate. Tracker mortgages follow any changes in the Bank of England base rate so can result in different repayments from year to year and month to month. While tracker rates can often minimise your monthly in the short term there are risks associated with movements in the Bank of England base rates. We will take you through these details when assessing the appropriate mortgages for senior citizens.

You may be looking to mortgage away from your current lender, raise money for home refurbishments, or to consolidate existing debt into one monthly payment. Our mortgage brokers can help find our clients the right mortgages for senior citizens, whatever their circumstances.

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 team about mortgages for senior citizens.

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