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It's always crucial to speak with a company like UK Moneyman.
We offer a truly holistic over 50s lending approach.
What mortgages are available for older borrowers? Book your free mortgage reviews to see what later life mortgage options are avaliable.
Taking a look at if a retirement interest only mortgage is a good idea for mortgage borrowers over the age of 55.
Taking a look at what a retirement interest only mortgage is and how it could be a suitable mortgage option for you.
Are you able to extend your current mortgage past the age of retirement? There could be many different options available for you.
Looking at whether or not you are able to get an interest only mortgage past retirement and what types of interest only mortgage could apply.
Several specialist and high street lenders provide retirement interest only mortgages to customers aged 55 and meet the eligibility criteria.
A lifetime mortgage and a home reversion plan can be an option. Lifetime mortgages allow you to unlock some of the value from your home.
Releasing equity to buy another property, through remortgaging or equity release, may be an option depending on circumstances.
You can get equity release on leasehold properties. However, the lender will take extra considerations into account.