Your clients will have various reasons for borrowing later in life.
They could be downsizing, financing home renovations, providing equity to a family member, changing lenders or product, or perhaps buying that luxury holiday home to enjoy in retirement!
How can we help?
Here are the top ten reasons to talk to us about this:
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Retirement income is considered past the age of 70 years. Pension, investment, and rental income can be considered.
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Maximum age entering the mortgage is 80 years.
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Maximum age at the end of term is 90 years for standard products.
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Maximum of 70% LTV.
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RIO mortgages are available if needed beyond the age of 90. RIO criteria applies.
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Minimum income of £30k per annum (can be joint), no additional minimum income is needed to meet Interest Only criteria.
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Interest Only is available with a suitable repayment vehicle in place, sale and downsize accepted to 60% with £250k equity.
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SIPP pots can be used, even if not yet drawn.
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Remortgages for unencumbered properties allowed.
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Our customer service is award winning, and we’re always looking for a way to say yes.
Book an appointment with us
You can now book a video or phone appointment with one of our BDMs at the click of a button. Whether you want to have a call on the move, or from the comfort of your office (or sofa!), you can get it in the diary easily with our brand new booking system.