Retirement mortgage solutions
Mortgages and equity release for later life borrowing.
Borrowing in later life is more accessible than many people assume.
Whether you’re looking to purchase a new home, release equity from your existing property, or ensure your mortgage runs into retirement without complications, there are products designed specifically for this stage of life.
We advise across all of them.
Retirement interest-only (RIO) mortgages
A retirement interest-only mortgage works similarly to a standard interest-only product, but with no fixed end date. The loan is repaid when the property is sold, usually on death or on moving into long-term care. Monthly payments cover only the interest, keeping them lower than a capital repayment mortgage. RIO mortgages are regulated and assessed on affordability.
Standard mortgages for older borrowers
Some lenders will provide standard capital repayment or interest-only mortgages to borrowers well into their 70s and 80s, assessed on income and affordability. We have lender relationships that extend to borrowers over 85, and we know which lenders take the most flexible approach to age criteria.
Equity release and lifetime mortgages
Equity release allows homeowners aged 55 and over to unlock some of the value tied up in their property without needing to move.
A lifetime mortgage is the most common form. You borrow against the property value and the loan, plus rolled-up interest, is repaid when the property is sold. There are now products with flexible drawdown, inheritance guarantees and the ability to make voluntary repayments. Equity release is a significant long-term decision and requires specialist advice. We are qualified to advise on this.
Downsizing
If you’re looking to move to a smaller property in later life and want to understand how a new mortgage alongside sale proceeds would work, we can model this clearly for you.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
A lifetime mortgage is secured against your home.
Book a telephone appointment
We are looking forward to discussing your mortgage options. To make the most of our appointment, please have the following information to hand:
- Your income details
- Any outstanding debts (including monthly payments and outstanding balances)
This initial mortgage consultation is free of charge, and allows us to gather the information we need about your circumstances and mortgage requirements.
Once we have reviewed your details and supporting documentation, we will arrange the next stage of the process with one of our mortgage advisers, who will research the market and provide personalised mortgage recommendations. Should you decide to proceed with an application, our broker fees are typically:
- £699 – First Time Buyers, Home Movers and Remortgages
- £995 – Buy-to-Let, Semi-Commercial and Commercial Mortgages
We will call you at your scheduled appointment time from the following number:
0208 0044 274
People before property
See for yourself by checking out our reviews on Google and Trustpilot.
“We had an amazing experience with Michelle as our mortgage advisor. She was incredibly helpful, friendly and professional throughout the whole process. She always replied very quickly, even outside normal working hours, and was always happy to answer any questions we had. Thanks to Michelle, the whole mortgage process was quick, easy and completely stress-free. We really appreciate all her help and support and would highly recommend her to anyone looking for a mortgage advisor. Thank you so much, Michelle! ❤️”
“Very helpful, supportive and efficient team – our experience with them has been great so far, highly recommend!”
“Very simple process to renew a mortgage – Michell did identify some new providers; however, in the end, staying with the current provider proved most appropriate and even updated arrangement with cheaper interest rates in the immediate days preceding the expiry date – all very simple and straightforward – would recommend”
“My partner and I were first time buyers and the thorough and timely support of Michelle and her team made the process of securing our mortgage quick and stress-free.”
“Really good communication and speed of response. This was our first time buying so Michelle really helped us through the process.”
Credit Checker
Knowing where you stand financially before you start your property search makes the whole process simpler. Our free credit checker gives you an instant picture of your credit score and history, so there are no surprises when it comes to your mortgage application. It takes minutes, it will not affect your credit rating, and it puts you in a much stronger position before we speak to lenders on your behalf.
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When applying for a mortgage, it’s so important to have a good credit score. Once you’ve obtained this, you have a much higher chance of being approved for credit.
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