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Our equity release comparison service helps you make an informed choice into which equity release schemes offer the best deals in the UK market.


Retirement mortgages are still available for people in retirement who wish to remortgage or raise additional capital to supplement their pensions. Mortgages taken into, or taken out during retirement, will either have the option of interest only or a capital and repayment mortgage basis.

Our retirement mortgage deals include free valuations, cashbacks and exclusive interest rates - so do your research and request a quote today!

Lender Product Name Type APR Incentive Get Quote More Info  
Hodge Lifetime 55+ Mortgage
2.99%
Variable
4.00%
 
Hodge Lifetime - Retirement Mortgage
3.79%
Fixed
4.10%
 
National Counties - 3 Year Discount
2.79%
Fixed
4.60%
 
Monmouthshire Building Soc - 2 yr disc
2.75%
Variable
4.99%
 
Marsden Retirement Mortgage
2.69%
Variable
5.20%
 
Scottish Building Society
4.09%
Fixed
5.20%
 
Newcastle Building Society - 2 year fixed
2.95%
Fixed
5.60%
 

People usually consider themselves 'too old' to be eligible to qualify for a mortgage in retirement. Quite the contrary.


Retirement mortgages are still available for people looking to take a mortgage into retirement, or wish to apply for a mortgage now they have reached retirement. Each option needs specialist advice to ensure the correct mortgage is selected and repayment vehicle to accompany it.


Reasons to consider a pensioner mortgage could be to remortgage an existing loan that is reaching its expiry date, therefore requiring repayment. Maybe you need to simply top-up your retirement income for financial reasons. Alternatively, there could be much needed home improvements required to the property such as new kitchen or bathroom, or you may just simply wish to buy a new house.


The retirement mortgage market has been restricted due to FSA regulations; however we still have access to mortgage companies that will lend over a 25 year term. These schemes could be taken on an interest only or capital and repayment basis to suit individual requirements.


A mortgage for pensioners can transform living standards in retirement. Call freephone 0800 678 5159 to speak to a retirement mortgage adviser who can find the best scheme for you.

 


 

Details are based on a 65 year old male releasing £50,000 from a property value of £250,000. The plan is available subject to provider criteria.

These are lifetime mortgages and home reversion plans. To understand their features and risks, ask for a personalised illustration. Your home may be repossessed is you do not keep up repayments on a mortgage.