Mortgages In Retirement

Mortgages In Retirement

Mortgages In Retirement - Mortgages in retirement are sought by those of later years seeking finance. Some clients seeking mortgages in retirement have found it difficult in recent years to process a successful application, particularly due to restrictions on available credit. This has led to calls from some of those seeking mortgages in retirement who can demonstrate affordability that lenders are not being fair in their treatment. This is where our expert team of mortgage brokers can assist you.

Using our comprehensive panel base, our mortgages in retirement advisers can offer you mortgages on a capital and interest repayment basis, an interest only basis or pension linked or ISA mortgages in retirement. The former pays down both the costs of borrowing and the original lump sum at the same time so at the end of the term the mortgage debt has been cleared. The other repayment types pay the interest of the loan each month. Though this generally results in lower monthly payments for mortgages in retirement than a conventional repayment mortgage, this leaves the initial mortgage value to be paid in full at the end of the term using another investment. T hose seeking mortgages in retirement must note we can offer mortgages and finance but cannot offer advice on investment.

Whether you are seeking mortgages in retirement for home improvements, a car, to remortgage away from your current lender or a consolidation of all of your outstanding debt into one manageable payment, our mortgages in retirement advisers can help. Our team can find the most suitable and affordable deal based on your income from pensions or other investments, your financial need and the repayment basis you would prefer.

Our specialised mortgages in retirement team will be able to offer you a comprehensive service when securing finance and will continue to search for the best deal even after we have completed your mortgage application form.

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

Searching for mortgages in retirement? Call one of our advisors 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