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5 star reviews
  • Independent & personal service
  • 98% SUCCESS rate
  • Access to 1,000+ MORTGAGES
  • 5 star reviews

Retirement Interest Only Mortgages

Let us take care of the mortgage, while you enjoy your golden years.

Retirement Interest Only mortgages are a fairly new addition to the mortgage market. They are designed to help older borrowers borrow against their property in a very similar way to a standard mortgage.

The benefit to these mortgages is that the lenders works the affordability out on whether you are able to afford the interest only, and aren’t looking to see if you are in a position to be able to fully pay the mortgage off over a specific period of time. You still have the option however, if your income allows, to pay the mortgage down or simply maintain the interest payments.

Who can apply for Retirement Interest Only mortgages?

These mortgages are available to any applicant, or party to the mortgage, who is over the age of 55, and the majority of lenders have no maximum age limit at the time of application i.e. you could apply at any age above 55, assuming your income can be verified and is at a suitable level to be granted the mortgage.



We’ll support you with round-the-clock service, right through to completion.

Why would you need, or consider, a mortgage when you are older?

There are numerous reasons why people are taking on mortgages as they get older, or continuing their mortgage past retirement age:

  • They may have a current mortgage that they are struggling to pay off or are coming to the end of their term with their mortgage and therefore need to re-mortgage away from their current lender
  • They may wish to release capital from their property for home improvements or a large purchase
  • They may wish to gift money to family members
  • They may wish to use the money to provide extra income

When do I need to pay my mortgage off?

Most lenders who offer Retirement Interest Only mortgages allow their customers to remain in the property and to continue to maintain the interest payments until they

  • Decide to sell the property and downsize freeing up funds to repay the mortgage
  • They move to a retirement home and therefore sell their property
  • They die and the estate then settles the mortgage on the property

Latest Mortage Deals

We’ve picked out some of today’s best mortgage rates to give you an idea which lenders and interest rates could be available to you.

Mortgage Calculator

How much can I borrow?

What is your annual salary?

What is your partner's salary? (If applicable)

Estimated property price

What is your deposit amount?

You could borrow up to:

Loan to value (LTV):

Including your deposit, you could afford a house price up to:

To discuss your options, call us today on 01242 696235 or

Request a call back

When you put down roots,
so do we.

Working with our long-standing charity partner, Gloucestershire Wildlife Trust, we pledge to plant a tree in your name when your mortgage completes.


Trees planted

in the last 12 months


To discover your options, call us today on 01242 696 235 or email

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