SPECIALIST ADVICE
Later-life mortgages
Later-life lending may include a standard mortgage extending into retirement, retirement interest-only borrowing or a lifetime mortgage. The right route depends on income, age, property, goals and estate-planning considerations.
Borrowing options designed around later life
Later-life lending may include a standard mortgage extending into retirement, retirement interest-only borrowing or a lifetime mortgage. The right route depends on income, age, property, goals and estate-planning considerations.
Mainstream mortgages
Assess earned and retirement income for borrowing that may extend beyond usual retirement age.
Retirement interest-only
Explore interest payments supported by sustainable retirement income.
Lifetime mortgages
Understand borrowing where interest may roll up and repayment is usually linked to death or long-term care.
Family and legal advice
Consider involving family and independent legal advice where appropriate.
Later-life mortgages FAQs
Will I still own my home?
With mortgage-based later-life products you normally retain ownership, subject to the lender’s charge and the product terms.
Can interest be added to the loan?
Some lifetime mortgages allow interest to roll up, increasing the balance over time. Other products require monthly interest payments.
Could this affect benefits or inheritance?
It may. Releasing funds can affect means-tested benefits, tax and the value of the estate, so these impacts must be considered.
YOUR SMART MORTGAGES CONTACT
Discuss your plans with the right adviser.
All later-life lending enquiries are handled by Tennielle.