Mortgages
Later life lending
Borrowing into or through retirement — to move, to stay put, to help family or to make life more comfortable.
More lenders than ever will lend to people in their fifties, sixties and beyond. The right option depends on your pension income, how long you plan to stay in the home, and what you'd like to leave behind.
We'll explain each route clearly, encourage you to involve your family, and make sure you understand the long-term cost before you commit to anything.
Pension income counts
Many lenders use pension income — current or projected — to assess affordability.
Family conversations
We're happy to include family members in meetings so everyone understands the plan.
All options on the table
Sometimes downsizing or a standard mortgage beats equity release. We'll say so.
FAQs
Later questions
Am I too old for a mortgage?
Probably not. Many lenders lend up to age 80 or 85 at the end of the term, and some have no maximum age for retirement interest-only mortgages.
What's the difference between RIO and equity release?
With a retirement interest-only mortgage you pay the interest each month and the loan is repaid when you die or move into care. With a lifetime mortgage you usually pay nothing monthly, so interest rolls up and the debt grows over time.
Talk to an adviser
A free, no-obligation chat about where you are and where you'd like to be. We'll tell you honestly what's possible.