- Residential and Buy to Let
- No maximum age for residential & buy to let mortgages
- To 95% LTV
- Interest Only and Repayment
- Earned and Pension Income
- Mortgage Advice*
* We advise on residential and buy to let mortgages. We do not advise on Equity Release.
Lending into Retirement Mortgages
We have assisted a number of clients looking to take a mortgage into their retirement.
The typical scenario would be someone in their late 50’s or 60’s who wished to arrange a mortgage over a term of 25 years taking them to age 80 plus when the mortgage comes to an end.
At the start of the mortgage, they would usually be in receipt of earned income from either employment or self employment. However, during the period of the mortgage they would plan to retire and their income would change from earned income to pension income.
We work with a number of lenders who are able and happy to consider this scenario as long as we can demonstrate there will be sufficient pension income to support the mortgage on retirement or, if the customer plans to work well into retirement, that this would be feasible for them to do so given the nature of their role and activities.
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