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Retirement Mortgages

Retirement mortgages

Are you looking for a mortgage that extends beyond normal state retirement age?

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Maybe you wish to move home, consolidate debts* or replace an existing mortgage that is coming to an end but do not wish to consider an equity release product.  If so, then why not consider a mortgage into retirement?  This will enable you to borrow funds and retain them beyond your normal retirement date as there is no maximum age for a mortgage.

We have access to High Street lenders who will consider you for a mortgage regardless of the make up of your income such as pensions, investments, Government Benefits or rental income.

To discuss your individual situation in more detail or to obtain your free personalised illustration with absolutely no obligation, call us on 01902 765005

Call us now on 01902 765005 to

discuss all of the options available to you

Many high street lenders are unwilling to allow a mortgage over a period that extends beyond normal retirement dates, even though many people now plan to work to age 70 and beyond.
 
We have lenders that take a more flexible approach and will consider a retirement mortgage based on earned income to age 80 (where applicants plan to work until this age) and to age 95 plus if affordability of the mortgage is based on pension, rental, Government Benefits or investment income.

 

Competitive rates are available, with many schemes qualifying for a free valuation and legals package.

 

​A mortgage into retirement is often most suitable for people who do not need to keep the funds for life and wish to repay it at some stage in the future.

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Pensioner Mortgages

If you would prefer to raise funds on an INTEREST ONLY MORTGAGE FOR LIFE and still pay the interest each month, then click on this link for more information on Lifetime Mortgages 

Call us on 01902 765005 to discuss all of the options available to you

You do not have to be retired or currently in receipt of pension income to qualify for a Retirement Mortgage.

*If you wish to re-mortgage to consolidate other non secured debts you should be aware that by taking the mortgage over a longer term, then you may pay back more in interest over the term. You should also be aware that by incorporating unsecured debts into a mortgage you are effectively making them into secure debts and potentially putting your home at risk if you do not maintain repayments.

 
Your property may be repossessed if you do not keep up repayments on your mortgage.  Think carefully before securing other debts against your home. 

Berkley Vittoria Independent Financial Services is authorised and regulated by the Financial Conduct Authority.  Our FCA number is 150186.  The FCA does not regulate most Buy to Let mortgages.  We charge a broker fee of £995 for arranging any type of mortgage, this is payable on completion.

Registered Offices:  Berkley House, Wightwick Bank, Wolverhampton, WV6 8DR
The Stirrups, Claypit Lane, Lichfield, Staffordshire, WS14 0AQ.  

Registered in England and Wales No. 2667979

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©Berkley Vittoria IFS Ltd  2017.  All rights reserved.

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