Our Older Borrower products work just like a conventional mortgage, however they’re designed to support your later life clients looking to borrow during their retirement. We offer repayment and interest only products, with the opportunity for your client to use downsizing as a repayment vehicle.
Last updated 2 August 2022.
- Available to those aged 55+
- Interest only or repayment up to 60% LTV
- Minimum loan size £30,000
- Maximum loan size £750,000
- Minimum property value £150,000
- Income based on pension income, earned income (refer if taken above age 75), property and investments
- Downsizing accepted as a repayment vehicle
Rates from 2.69 %
- DSR083 discount to 31/10/24
- Follow-on rate of 4.50% (variable) to 31/10/27 before reverting to SVR
- 60% LTV
- No booking or arrangement fee