A family go for a walk.

Are you retired or approaching retirement and looking to borrow more?

We may be able to help.

Retirement Mortgages

If you are not an existing mortgage customer, our products are available through a broker only.

Lending Into Retirement Downsizing [Interest Only]

  • Initial rate2.94% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.2% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£999
View this mortgage ViewRepresentative Example

A mortgage of £352,383 payable over 10 years, initially on a Discounted rate for 3 years at 2.94% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 7 years, would require 36 monthly payments of £863.34 and 84 monthly payments of £1,362.55.

The total amount payable would be £497,961.50 made up of the loan amount plus interest (£145,613.98), an application fee of £180 and a redemption fee of £80.

The overall cost for comparison is 4.2% APRC representative.

Your home may be repossessed if you do not keep up repayments on your mortgage

An older couple planning their retirement.

Equity Release

An equity release plan allows homeowners aged 55-95 to access some of the cash locked in the value of their home. However it’s not suitable for everyone, which is why it’s important to get independent advice before you make a decision.

Find out more

An older couple planning their retirement.

Lending into retirement

Last year a study showed that people in their 50s and 60s underestimate their chances of reaching 75 years of age.

Find out more