.png){kind=icon}
If you have a steady income that can cover the repayments, you might be eligible for a standard resident mortgage.
You can choose between two repayment options: capital repayments or interest-only repayments.
Getting a mortgage later in life might seem counterintuitive, but it doesn’t have to be. Most mortgages may be longer than 25 years, but there are plenty of options available for those aged over 50, and even if you're past retirement.
Let’s explore the ins and outs of getting a mortgage when you’re over 50.
Standard residential mortgages often have upper age restrictions in the UK, but some mortgages offer more flexibility. The eligibility is determined by the lender.
Most applicants can borrow up to 4-4.5 times their annual income based on mortgage affordability rules.
Yes, you can either make interest-only repayments, or repay both the interest and the principal at the same time.
Repayment continues until the loan is fully repaid or when the homeowner/s sells the property, passes away, or moves into long-term care.
Our team of experts are here to answer any questions you may have without all the jargon. Get in touch now to see how we can help you reach your mortgage goals.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
.png){kind=icon}
