Although there is no maximum age for applying for a mortgage, each lender will have their own limits such as maximum age at which you can take out a mortgage and a maximum age for when the mortgage term ends.
If you are about to retire or have retired, your lender will need to ensure that you can keep up repayments over the full term, based on your retirement income from pensions and other investments.
Most lenders that accept older borrowers offer mortgages with fixed interest rates or rates that track the Bank of England base rate. Other options such as offset, cashback discounted and stepped mortgages are available too.
Whatever your requirements are as a more mature borrower, get in touch, we can help.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Let us help!
We can also help your home purchase get underway by helping you to find the most suitable mortgage for your needs and circumstances and give you our expert advice on how to protect your property, income and family.
If you would like more information or help with your mortgage and protection concerns please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at firstname.lastname@example.org
Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.