Don’t let age be a barrier when it comes to finding a lending solution

We don’t solely go off age when it comes to supporting your clients with a mortgage but instead factor in mortgage term times to support their options.

Here’s what we look at when we’re assessing a case…

What do we look at for older borrowers?

  • Over the age of 55 to be eligible;
  • Only the eldest applicant needs to be over the age of 55;
  • Our maximum term times are based on ONS data for retired profiling.

What do we look at for Retirement Interest Only (RIO)?

  • Both applicants need to be over the age of 55 to be eligible for RIO;
  • As the repayment of the mortgage is triggered by a life event, our Term times mirror this approach for applicants.

Affordability in Later Life

Both our Older Borrower and RIO mortgages assess affordability using ONS data to take into consideration the lifestyle changes that retirement brings.

To help support an application, please use our Affordability Calculator which can be downloaded online…

Get in touch

For more information get in touch with our intermediary support team on 01282 440 583 or visit our website.