At The Mansfield, we’re proud to offer residential lending up to 70% LTV for capital repayment or interest only up to age 85.
| Mortgage repaid before age 70 | Mortgage repaid from age 70 and up to age 85 | |
| Maximum loan to value | 95% capital repayment. 75% interest only. | 70% |
| Acceptable repayment types | Capital repayment and interest only. Part and part also available | Capital repayment and interest only. Part and part also available |
| Maximum mortgage term | 40 years | 40 years |
Our criteria for later life lending is backed by our flexible and common sense approach. Take a look at some case studies that show how we can help in a variety of circumstances, such as:
- Allowing debt consolidation and home improvements
- Older borrowers purchasing a house with their children
Remortgaging with property downsizing to access equity and gift a deposit
We can help older borrowers remortgage to raise capital, including the use of interest only with property downsizing as the repayment strategy, subject to terms and conditions.
You can view our criteria in more detail with our later life lending guide and view our mortgages online.
For more information about our products and services and applying through our online portal, visit our website at mansfieldbs.co.uk/intermediaries.
