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Retirement Plan Mortgages

There are some lenders that will actually offer mortgages into retirement.  These are a lot more limited than they used to be pre-credit crunch but we have one lender that will offer lending to age 75 and two other bespoke peer-to-peer lenders that do not have age restrictions and can offer interest only options.

The amount of mortgage available is based upon the client's income, usually pension income, and as there will be a monthly payment it is essential that the mortgage is affordable to the client.  It can be an excellent way of releasing equity from a property without the person having to sell the property and move.

For more details please contact Paul or Gerald on 01624 612611, e-mail advice@financialoptions.co.im or please feel free to complete our online mortgage form.