Over 65? Don’t give up on a mortgage

Over 65s can have a harder time getting the mortgage they want1 – but that doesn’t tell the whole story.

Only one in three potential borrowers over 65 is offered their full requested loan, compared with 75% of under 65s. This is despite older borrowers seeking an average of £100,000, far less than their youngers (£216,750).

Lenders want to know you will make repayments for the entire mortgage term so you will need to prove your pension pot or other resources can fund the repayments. Providing a well-estimated retirement date is also useful.

Here for you

Getting a mortgage over 65 is not mission impossible. Whatever your circumstances, we can help you find a suitable deal.

 As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments

1 MBT Affordability Index, 2022

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