Although there is no maximum age for applying for a mortgage, each lender will have their own limits such as a maximum age at which you can take out a mortgage and a maximum age for when the mortgage term ends.

If you are about to retire or have retired, your lender will need to ensure that you can keep up repayments over the full term, based on your retirement income from pensions and other investments.

Most lenders that accept older borrowers offer mortgages with fixed interest rates or rates that track the Bank of England base rate.

Other options such as offset, cashback, discounted and stepped mortgages are available too.

Whatever your requirements are as a more mature borrower, get in touch, we can help.

Your home may be repossessed if you do not keep up repayments on your mortgage

Catch up on our other blog posts:

Equity Release in Southampton

Equity Release in Southampton

We recently helped a 65 year old client in Southampton release equity from his home. Retired and with little savings, he found himself needing to access capital to help fund a recent separation, along with needing funds to by a new car, renovate the home, and then...

read more

(Your home may be repossessed if you do not keep up repayments on your mortgage)

We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)

For Lifetime Mortgages/Equity Release the fee will be £799.

Our mission is to provide honest mortgage advice, whilst helping you save money.

Get in contact

Flexible appointments

Or call —02380224925


Providing helpful and friendly mortgage advice in Southampton

First Floor, 9 Salisbury Road, Totton, Southampton, SO4O 2HW

02380 224 925

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.