Mortgages for Pensioners

FREE no obligation consultation with a mortgage adviser to help you understand your options

  • Expert team with over 20 years experience and rated 5 stars so you know you can trust the advice your receiving
  • We have secured over £13m of borrowing in 2021 with 96% of mortgages secured offers within 10 days
  • With over 100+ lenders and access to 11,000+ deals we access each day to get the right mortgage for you

Get a call back from one of our mortgage advice experts

Complete your info below and an expert mortgage adviser will get back to you as soon as possible

Expert Advice on Mortgages for Pensioners

Mortgages For Pensioners

It's a common misconception that once you retire, you can no longer get a mortgage. However, this simply isn't the case! There are plenty of mortgage options available for pensioners, and with the right advice, you can still achieve your homeownership dreams.

  • Our team of mortgage experts have years of experience helping pensioners secure the best mortgage deals available.
  • We'll work with you to find a mortgage that fits your retirement budget, and help you through the application process every step of the way.
  • As well as being regulated by the Financial Conduct Authority (FCA), we are also a member of the Equity Release Council (ERC) this means they have agreed to adhere to a strict code of conduct.

So don't let retirement hold you back – call us today for expert mortgage advice! Contact us today

Get a call back from one of our mortgage advice experts

Complete your info below and an expert mortgage adviser will get back to you as soon as possible

Why use a qualified mortgage adviser if you're looking for mortgages for pensioners?

Why use a mortgage adviser?

  • Access to over 11,000 deals from the whole market
  • Impartial advice from an expert mortgage adviser
  • Qualified and regulated professionals
  • Access to exclusive deals

Going direct to a lender?

  • Advice on lender products only
  • Missing out on potential deals from specialists
  • Many lenders don't like complex circumstances
  • No single point of contact to help you

Conclusion:

As a pensioner, there are a few things you need to know about taking out a mortgage. First of all, you'll need to make sure that you can afford the repayments. This means taking into account your other income and outgoings, as well as the value of your property and the amount you want to borrow.

It's also important to shop around and compare different mortgage deals before you make a decision. A qualified mortgage adviser can help you do this, and they will also be able to offer impartial advice on the best option for your retirement.

Finally, make sure you understand the implications of taking out a mortgage. For example, if you opt for an interest-only mortgage, you'll need to have a plan in place to repay the debt at the end of the term.

If you're thinking of taking out a mortgage as a pensioner, we can help. We can search the whole of the market to find the best deals for you, and we'll also offer impartial advice on the best option for your retirement. Contact us today to find out more.

Case Study: How we helped a retired couple with their Equity Release

We met a lovely couple in their late eighties who wanted us to help them acquire the financing they needed for a ground floor apartment from their present four-bedroom home.

Mrs & Mrs S had just sold their house and discovered the ideal flat for them, but they'd already taken out an equity release on their current home to assist with care expenses for one of their sons' long-term care needs.

They required assistance in identifying and securing a new equity release mortgage that would allow them to move into the flat that was better suited to their needs.

  • Due to changes in their present provider's policy and criteria, as well as a lower value of the flat compared to their existing house, our clients were unable to take their existing equity release from the house to the flat.
  • Mr and Mrs W had no cash savings or assets to draw on because of the expenses associated with their son's long term care needs.
  • Mrs S were finding it more difficult to climb the steps at home, and other mortgage advisers appeared unwilling to assist them as this was a complicated situation that would involve a lot of effort.

How We Helped:

One of the joys of our work is getting to know fascinating people like Mr & Mrs S, who were more than willing for us to engage with them and, more significantly, their families. This meant that everyone was on the same page and seeking a solution that would be in the best interests of Mr & Mrs S.

We spoke with the clients at length to obtain a complete understanding of their position, and despite how terrible their situation was, we felt we could find a solution for them.

As well as having access to the whole of market we are qualified to provide equity release advice to our clients. We reached out to a range of lenders, having conversations with our contacts about the position our clients were in and if they could help - eventually we landed on one potential option!

Due to the complexities involved, two equity release lenders and the location and type of flat being purchased we liaised between the lenders, estate agents, solicitors and clients for almost a month - we didn't want our clients to struggle with this on their own.

Finally, after 20 days of searching, we were able to obtain the Equity Release offer our clients needed to complete their relocation. Our clients completed their transaction later that month, and they were overjoyed with their new home! We even received a thank you from them!

We work for you, we'll look for the best solution for your needs and make sure you get the right outcome. Equity Release or later life lending is more complex than standard mortgages and it's important you speak to a qualified adviser and a member of the Equity Release Council.   Give us a call today.

A lifetime mortgage is a long-term commitment which could accumulate interest and is secured against your home. Equity release is not right for everyone and may reduce the value of your estate

Mr Wicks

I was recommended to use The Mortgage Stop by a friend, it could not have been a better decision. Rita Kohli could not have been more helpful and went the extra mile to achieve a result. I would thoroughly recommend her Company. A shame there are not more businesses that work like Rita's.

Don't just take our word for it...

When you speak to one of our mortgage advice experts you will know that they are always doing their best to secure your mortgage, and if we aren't able to help you just yet, then we'll make sure you understand why and how you can become mortgage ready.

our mortgage Advice fee guarantee

If we fail to secure you a mortgage offer, then you don't pay us our fee

If we are unable to secure you a mortgage offer then we guarantee that you won't have to pay our fee. This means you can feel confident that we're always working for you to ensure your mortgage is secured.

Get a call back from one of our mortgage advice experts

Complete your info below and an expert mortgage adviser will get back to you as soon as possible

Discover our latest articles

Should I Overpay On My Mortgage?

When it comes to managing your mortgage, one of the decisions people

View More

Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]

Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]

Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]

Cookies

By using this website, you agree to our use of cookies. We use cookies to provide you with a great experience and to help our website run effectively.