- Retirement Flats & Apartments
- Shared Ownership Flats
- New Build Flats
- Guarantors Considered
- No Credit Scoring
- Common Sense Underwriting
- No Maximum Age
Mortgages for Retirement Properties
We are often approached by clients who are struggling to obtain a mortgage for a retirement flat or apartment, where there is a restriction placed on ownership or occupation, so that they can only be purchased and/or occupied by people in retirement or over a certain age (usually age 55).
Clients typically tell us that they may have approached their Bank or Building Society to obtain a mortgage on a retirement flat or house, only to be declined because of the age limits on the use of the property.
This can often cause a lot of frustration, wasted time and often money.
Some customers have approached us and asked us to arrange a retirement flat mortgage using the income of their son or daughter to help with the mortgage payments.
At RockHopper we can look to assist clients looking to arrange a mortgage on a retirement property.
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