Frequently asked questions

We have a maximum loan size £750,000 with Loan to Value’s (LTV) up to 70% dependent on affordability.

Yes, the Building Societies association have The Building Societies Association has published a guide entitled ‘Can I get a mortgage at my age?’ which you may find useful as it provides information about borrowing into and in retirement.

There are also a number of charities who offer support around finances for older and retired customers too:

• Age UK
• Elderly Accommodation Council (EAC)
• The Pensions Advisory Service
• Age UK Permanent Residential Care
• Age UK Pension Credits
• Pension Credits
• Inheritance Tax – GOV
• Planning for Future Care – NHS
• Citizens Advice
• Money Advice Service

Our range will allow you to apply for a mortgage from the age of 55 and we have terms running up to the age of 91 dependent on your date of birth. Our advisors will be happy to discuss your personal circumstances and advise how we can help you.

You can borrow for a range of reasons, such as moving home or to carry out home improvements, downsizing, assisting with family expenses like going to University or getting a deposit. We will also look at debt consolidation but it is dependent on your situation. Or it may be that you are simply looking for a new lender to help with your current mortgage whether it be extending your existing borrowing into retirement or finding a lender willing to help with your interest only mortgage.

We will need to see evidence of your income and any investment income as well. Our team will provide you with a list of what we require when we provide you with more information.

Our Lending into Retirement products are available to both new and existing customers who are looking to move home, take out additional borrowing or extend their mortgage term.

• Customers over the age of 55 who are approaching retirement and are looking for a mortgage solution to help them borrow into retirement
• Customers already in retirement who would like to continue with their mortgage.
• Customers looking to remortgage an interest only mortgage with another lender.

Our only limitations are that the eldest applicant needs to be over the age of 55 and pension income can be evidenced now or in the future.

If you’re thinking about borrowing in retirement it’s worth discussing any plans with trusted family and friends. It’s important you consider all options available to you as borrowing money against your home can have an effect on your inheritance planning.

You could also speak to the Department of Working Pensions to ensure you gain a full understanding on any potential impacts on your state benefit entitlement and/or any tax implications the mortgage may have.