Over 55's Mortgages
They say age is just a number, but when it comes to a mortgage your age can put a halt on the process. We pride ourselves in being able to help those later in life secure a mortgage/remortgage
If you are between 55 and 89 and looking to reduce your monthly outgoings, or raise finance, a mortgage/remortgage could help you do this.
More and more lenders are now offering mortgages designed for those in later life who still have the ability to make monthly payments. These mortgages can be on a repayment basis, and if there is enough equity in the property, interest only.
These products are a considerably different concept to equity release and can give you the ability to:
- To stay in your home
- Make home improvements
- Re-mortgage to reduce monthly payments
- Help a family members onto the property ladder
- Buy a holiday home
- Buy to let
Your home may be repossessed if you do not keep up repayments on your mortgage.