Borrowing in retirement

Getting a mortgage when you've retired doesn't have to be difficult.

We understand there are many different reasons you might want mortgage in your 60s, 70s, or beyond. Whether it's freeing up equity to fund a holiday home, or to give your children a helping hand onto the property ladder, the reasons for mortgages in retirement are as unique as the people applying for them. 

Mortgage lending up to the age of 90

You shouldn't be limited by your age when applying for a mortgage, which is why we lend up to the age of 90 across our entire standard mortgage range. This means that for new residential; mortgage applications, the term may be allowed to run until the borrower's 90th birthday. The maximum age of any applicant at the start of the mortgage is 80 years.

Retirement Interest Only (RIO) mortgages

RIO mortgages are designed to support borrowers in later life who do not wish to downsize their current home.

• We lend to those aged 60 and above who are retired and receiving their pension or other ongoing income.

• The RIO mortgage is termless interest-only, so you have it for as long as you need it.

• We lend to those who are purchasing or remortgaging their residential home subject, to product terms.

• Existing borrowers are able to transfer onto the product to borrow additional funds.

• The maximum age of any applicant at the start of the mortgage is 80 years.