Specialist Mortgage Advice

CALL US ON

+44 203 621 5696

Call 24 hours a day

MENUMENU
MENUMENU
  • Home
  • Purchase
        • Been Declined For a Mortgage?
        • Mortgages for Expats
        • Mortgages for First Time Buyers
        • Foreign Nationals
        • Mortgages for the Over 60’s, 70’s & 80’s
        • Armed Forces Mortgages
        • Contractors
        • Mortgages with Gifted Deposit
        • Interest Only
        • Guarantor Mortgages
        • Large Mortgages
        • Historic Credit Issues
        • Right to Buy
        • Second Home
        • Shared Ownership Mortgages
        • Failed Credit Score Mortgage
        • Graduate Mortgages
        • Help to Buy Mortgages
        • Joint Applicant Sole Proprietor Mortgages
        • Lending into Retirement Mortgages
        • Loaned Deposit Mortgage
        • Mortgage Advice and Advisers
        • Mortgage Difficulties
        • Mortgages for CIS Contractors
        • Mortgages for Keyworkers
        • Mortgages for Pieceworkers
        • Mortgages for Short Term Contractors
        • Mortgages for Temps and Zero Hour Contractors
        • Over 60’s Right to Buy
        • Professionals
          • Mortgages for Accountants
          • Mortgages for Barristers
          • Mortgages for Dentists
          • Mortgages for Doctors
          • Mortgages for Pharmacists
          • Mortgages for Professionals
          • Mortgages for Solicitors
          • Mortgages for Teachers
          • Mortgages for Vets
          • Locum Income Mortgages
        • Unusual Property
          • Mortgage for Flat Above Commercial Property
          • Mortgage for Property with Agricultural Tie
          • Mortgages for Flats and Maisonettes
          • Flying Freehold Mortgages
          • Mortgages for Live Work Units
          • Mortgages for Listed Buildings
          • Mortgages for Retirement Flats
          • New Build
          • Part Commercial
          • Unusual Property
          • Bed and Breakfast Mortgages
          • Mortgage for House with Holiday Cottage
          • Mortgage for House with Stables Kennels Cattery
          • Thatched Property Mortgage
        • Self-Employed
          • Mortgage with LLP Drawings
          • Mortgages with 1 Years Accounts
          • Mortgages with No Accounts
          • Newly Self Employed Mortgages
        • Non Standard Income
          • Mortgage with Benefit Income
          • Mortgage with Bonus Income
          • Mortgage with Commission Income
          • Mortgage with Complex Income
          • Mortgage with Foreign Currency Income
          • Mortgage with Maintenance Income
          • Mortgage with Maternity Pay
          • Mortgage for Non UK Tax Payers
          • Mortgage with Offshore Income
          • Mortgage with Trust Income
          • Mortgages with Lodger Income
          • Mortgages 5 and 6 Times Salary
          • Foster Income Mortgages
          • Mortgage with Investment Income
          • Mortgage with Pension Income
          • Mortgage with Rental Income
          • Mortgages for Pilots and Aircrew
          • Mortgages for Seafarers and Yacht Crew
  • Remortgage
    • Unencumbered Remortgage
    • Day 1 Remortgage
    • Debt Consolidation Remortgage
    • Home Improvements Remortgage
    • Divorce Mortgages
    • Help to Buy Remortgages
    • Remortgage Within 6 Months
    • Remortgages for Home Extension
    • Remortgages to Capital Raise
    • Tax Purpose Remortgage
  • Buy to Let
    • Let to Buy
    • First Time Buyer Buy to Let
    • Holiday Let
    • Corporate Let
    • Student Lets and HMO Mortgages
    • Buy to Let DWP Tenants
    • Buy to Let for Family Member
    • Buy to Let Multiple ASTs
    • LLP Buy to Let
    • Limited Company Buy to Let
    • Low Rental Buy to Let Mortgages
    • Multi Unit Buy to Let Mortgages
    • Portfolio Landlord Mortgages
  • Calculators
    • Buy to Let Calculator
    • Mortgage Payment Calculator
    • How Much Can I Borrow?
    • Stamp Duty Calculator
  • About Us
  • Blog
  • Contact Us

Mortgages for the Over 60’s to 90’s

  • Residential and Buy to Let
  • Interest Only and Repayment
  • Earned Income, Pension Income and Pension Projections
  • No Maximum Age Lenders
  • Low Rates
  • Guarantors Considered
  • Lending into Retirement
Feefo logo

Mortgages for the Over 60’s to 90’s

In assessing whether a mortgage is suitable the Regulator, the Financial Conduct Authority, has always been very clear with mortgage lenders, that the mortgage must be affordable. It has never given guidance to either banks or Building Societies that those over a certain age cannot obtain finance, yet may customers over the age of 60 face greater difficulties in securing finance at competitive rates. When it comes to securing finance, many home loan lenders have very strict rules when it comes to age limits and lending into retirement.  The individual mortgage companies have set up these rules, as many deem lending to the older population a greater financial and reputational risk. We do not share this view.

Typically, when we speak to our older customers, they confirm they are in receipt of pension income which is guaranteed. This is unlike when they were working and income was dependent on salary and their continued employment. Many older borrowers and pensioners are able to budget more, as they are not prone to the same fluctuations in income that those in the workforce are subject to.  In addition, over the course of their lifetime, they have often built up significant equity in their property, have successfully previously had credit and therefore provide a lower, not higher risk to lenders.

Read More >>

We assist a number of people over 60 who have faced a difficult time finding competitive mortgage finance. People are not only living longer, but they are working beyond retirement and those who have retired are in receipt of a pension. The reality is that many are earning more over the span of their lifetime than ever before and this coupled with advances in medical science, mean many of us are fitter than ever before.

Many customers who make contact realise that we can obtain them a far more competitive deal than they are currently on with their existing lender. For those looking for a new mortgage, they realise that good homeowner deals for pensioners do exist.

We provide a number of finance options for individuals over the age of 60, to not only obtain the mortgage they desire, but importantly ensure they are on payment plans within budget and that they can afford. We can look at finance on a repayment basis, where the capital as well as the interest is repaid or on an interest only basis. This would usually involve some form of investment in the background, such as a pension, premium bonds or an ISA savings plans. We have success with many applicants using later downsizing to a smaller house or flat at some time in the future, as a realistic and appropriate vehicle to pay off the loan later.

We successfully assist those over 60 with either a residential mortgage on your current home, or on a new home you wish to purchase. In addition, we can also provide you with finance to purchase or re-mortgage a Buy To Let property which is to be let out.

The Process

On initial contact we will take you through a full mortgage questionnaire and ascertain your needs and requirements. During this process, we will assess your affordability using the lender’s own affordability calculator to confirm the chances of securing your requested loan. We will need to ensure that you cannot just afford the mortgage now, but that it remains affordable in the longer term, given the mortgage is a financial liability. We will be able to fully advise you on the monthly mortgage repayments and instalments.

In order to support your application to the lender, we will need to appropriately identify you by way of a passport or driving licence and confirm your address proofs through either a utility bill or council tax statement. We will also need to corroborate your income details by way of your pension and bank statements. It is crucial for our clients to be able to prove they have the ability to repay the loan and having all the documentation showing you are receiving pension payments will vastly improve your success rate.

When securing a mortgage, it is important to ask yourself some important questions. These will include, how much do you want, what do you need, what can you afford, what budget have you set, what type of mortgage do your require, be that interest only or a repayment. In addition, you will need to be comfortable with the length of the mortgage term and how long you will be committed to the actual mortgage lender.

 

Best Deals -Purchase

Lender Initial Rate Type For Then APRC* ERC* Fee
SBS 1.14% Fixed Apr-2023 4.64 3.8 30-Apr-2023 £1479
CLY 1.19% Fixed Mar-2023 4.55 4 2 years £1476
CNW 1.22% Fixed Jun-2023 3.59 3.2 30-Jun-2023 £1481
TSB 1.24% Fixed May-2023 3.59 3.3 31-May-2023 £1480
HSB 1.24% Fixed May-2023 3.54 3.3 31-May-2023 £1480
HSB 1.24% Fixed May-2023 3.54 3.3 31-May-2023 £1480
TSB 1.24% Fixed May-2023 2.59 2.5 31-May-2023 £1480
BNW 1.24% Fixed 2 years 3.59 3.2 2 years £1476
BNW 1.24% Fixed 2 years 3.59 3.3 2 years £1476
BNW 1.24% Fixed 2 years 3.59 3.2 2 years £1476
*APRC = Annual Percentage Rate of Charge
*ERC = Early Repayment Charge
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

The mortgage products displayed above are as a result of the following search:
Reason for Mortgage: Purchase; Property Valuation: £200000; Mortgage Amount: £120000;Payment Method: Repayment; Mortgage Term: 25 years; Mortgage Product: All Offset: No Product Term Period From: 0 Months; Product Term Period To: 300 Months; .

The mortgage deals shown above are subject to individual status and a suitable security property. You may not be eligible for some or all of the deals shown given your status and/or the nature of the security property. For a more accurate indication as to mortgage deals you are eligible for, please contact us to discuss your specific situation and/or property.

 

Specialist Low Rate Mortgages

Get started here

  • Specialist Advice
  • No Obligation

I agree for my personal information to be treated as confidential and held in accordance with the Data Protection Act 1998 in order to be contacted with details of services and products in writing, by email or telephone by Rockhopper Mortgages and its agents

Feefologo

Excellent service.

By: Mark Kemp
The remortgage was very clearly explained by the team. I was very pleased with the communication aft....
For service -  Resi/Remo/Lambourn
Read More

Amazing service and great advice.

By: Andy
The RockHopper team were amazing and went out of their way to ensure I had a great experience and th....
For service -  Resi/Remo/Lambourn
Read More

Miracle workers!

By: Dawn Crawford
David at RockHopper was friendly, reassuring and knowledgeable with our very difficult case. Ultimat....
For service -  Residential Purchase
Read More

Totally professional and deicated to suceed.

By: Robert Payne
The team that address my application done it with such professionalism even through a difficult oper....
For service -  Resi/Remo/Bekynton
Read More

By: Kenneth & Yvonne Stoves
Good service apart from length of time from start to completion due to this virus and other anomalie....
For service -  Resi/Purchase/Calder Road
Read More

By: Stephen Boyd
Great service above and beyond the call of duty. Special mention for Rob Killeen, who achieved the a....
For service -  Resi/Remo/Kingston Hill
Read More

RockHopper was the ONLY company that was able to help us secure a mortgage due to just having moved ....
For service -  Resi/Purchase/Cartvale
Read More

Excellent

Excellent service from David Rostron. Always very quick to respond to queries and ended up getting m....
For service -  BTL/Purchase/Grand Union
Read More

Great Service providing mortgages different to standard

By: Ryan Finnigan
Great offering, over and above what is the norm and go to a wide variety of lenders. Able to take al....
For service -  Resi/Purchase/TheCoachHouse
Read More

Good service and communications

Very good service and advice. Helpful throughout the process of obtaining a mortgage and getting a g....
For service -  Resi/Remo/Carpenter
Read More

By: Helen Murray
On the ball all the way until I got the mortgage offer, highly recommend Rockhoppers, even throught....
For service -  Resi Purch / Ingram Road
Read More

Brilliant Service

By: Joe and Lucy
We were delighted with the service provided by Rockhopper. David Rostron and his team were incredibl....
For service -  Resi/Purchase
Read More

Absolutely fabulous

By: Kevin Howe
Rockhopper managed to arrange and obtain me the best mortgage on the market for my needs even at a t....
For service -  Purchase
Read More

Would definitely recommend RockHopper!

By: Brian Hughes
On hand when needed and open and upfront about costs ec.....
For service -  Purchase
Read More

David Rostron went above and beyond in helping me to secure the right mortgage offer. He has now he....
For service -  Further Advance
Read More

Easy to work with

Worked with me to ensure efficiency and the best offer for me given my constraints. Easy to work wi....
For service -  BTL Remo
Read More

Would recommend to anyone!!

By: Ben
David and the team were excellent at getting the mortgage product we needed to secure our dream home....
For service -  Purchase
Read More

Great service....
For service -  Residential Remortgage
Read More

Great service throughout the process, very professional

Great service throughout the process, Very professional staff who have kept us well informed at all ....
For service -  Residential remortgage
Read More

I would recommend Rockhopper and use them again. Our mortgage wasn’t straightforward but they foun....
For service -  Self Employed Buy to Let Remortgage
Read More
Independent Customer Feedback
Read all reviews

RockHopper Mortgages is a trading style of RockHopper Origination Limited who is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

RockHopper Origination Limited is a company registered in England and Wales with company number 10241688. Registered Office:Rockhopper, Blackwell House, Guildhall Yard, London, EC2V 5AE

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

CONTACT US

Tel: 0203 621 5696
Fax: 0203 621 5697
Email:info@rockhopper.uk.net

Address: Rockhopper, Blackwell House, Guildhall Yard, London, EC2V 5AE

Menu

  • Sitemap
  • Privacy Policy
  • Terms of Business

Connect With Us

  • Facebook
  • Twitter
  • Sitemap
  • Privacy Policy
  • Terms of Business

Copyright © 2021 — RockHopper LTD • All rights reserved. •Web Design by Conceptstore

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.YesRead more