Planning ahead
Later-life lending
Borrowing in or near retirement is more common than it once was. Lenders now offer a range of options that take pension income into account, and the right approach depends on your plans and your family’s wishes.
How we can help
What we take care of
- Mortgages with terms that extend into retirement
- Retirement interest-only mortgages
- Explaining how pension income is assessed
- Introductions to specialist equity release advice, where appropriate
Worth knowing
Things to consider
- i.
Involving family in the conversation is often helpful.
- ii.
Some products affect the value of the estate you leave behind.
- iii.
Means-tested benefits can be affected by releasing money.
Common questions
Questions we often hear
Am I too old to get a mortgage?
Many lenders have upper age limits, but these vary widely and some have none for certain products. Affordability in retirement is the key consideration.
Let’s talk it through.
Every mortgage starts with a conversation. Tell Leon where you are and where you’d like to be, and we’ll take it from there, at your pace.