Our site uses cookies

I agree Our site saves small pieces of text information, called “cookies” on your device. Find out more in our cookie policy. You can disable the usage of cookies by changing the settings of your browser. By continuing to browse the site you are agreeing to our use of cookies.

Lending in retirement

Getting a mortgage in retirement doesn't have to be difficult.

At Newbury Building Society, we understand there are many different reasons why you want a mortgage which takes you into your 60s, 70s and beyond. For example, you may want to free up equity to fund a holiday home or give your children and grandchildren a helping hand on the property ladder. 

Upper age limit for mortgage lending to 90 years

We believe you shouldn't be limited when applying for a mortgage and that's why we lend up to the age of  90 across our entire standard mortgage range. This means that for new mortgage applications across our residential products, the term may be allowed to run until the borrower's 90th birthday.

Friendly people, great rates! We were looking for a RIO mortgage after our existing lender wouldn't extend our term after my early retirement. On our initial call with one of your Mortgage Advisers, we failed the RIO affordability checks but the adviser was quick to suggest a standard mortgage at a great rate. Kept us informed by email during the application process and helped answer any questions. We completed the remortgage in about six weeks and are now very happy Newbury customers. Thanks to the team for making this a very pleasant experience.

Ced Bufton - Smart Money People review 2019

Retirement Interest-Only (RIO) mortgage

Our Retirement Interest-Only mortgage is designed to support borrowers in later life who do not want to downsize their current property and wish to remain in their home. 

  • We lend to those aged 60 and above who are retired and in receipt of 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 residental home subject to product terms
  • Existing borrowers are able to transfer onto the product to borrow additional funds
Retirement Interest-Only mortgage

For full products details please click to find out more.

For more information on mortgage appointments see our making a mortgage appointment page for further details.

Register or amend your preferences for your choice of email alerts

Keep up to date with our latest news, product and event details

You can check the Financial Services register on the FCA's website.


How can we help you?

01635 555700

Call me back