Remember The Good Old Days? When you went cap in hand to the Bank Manager for a Mortgage when you got married in your 20’s – and took out whatever you were given, over a 30 year period. And once you’d paid it off, that was it.
Well, things have changed a lot since then! Not only are there far more mortgage products on the market, we’re staying healthier for longer, have a wider range of earnings, side gigs and pensions and we all want to get more out of our retirement!
So it’s not uncommon to want to still have a mortgage, even though you’re past ‘normal retirement age’ – whatever that may be these days! It might be that you want to keep running a buy-to-let portfolio, you might want to move to a home that’s more suited to aching knees, you might want to make some changes to your home with an annexe – or even installing a lift – or you might simply want to remortgage an existing loan in order to get a better rate, consolidate debt or make a home for your extended family. Well, the good news is that as an underwriting broker, we have access to retirement mortgages that could be just what you’re looking for.
No matter what the reason, we understand. We’ve got decades of experience in making mortgages happen for people at all stages of their lives and we work with lenders that use a common sense approach, look in-the-round at all your income sources and can lend upto age 95, or even longer for some types of loan such as interest-only or buy-to-let that can commence at any age upto 89.