Mortgage Guide
Mortgage Basics
Am I too old to get a mortgage?
You
may still want to borrow
• To become a property owner for
the first time,
• To make that final move up to
your ideal home,
• To improve the one you have, or
• To help turn your children's dreams
of property ownership into reality
The possibilities at 60-plus
So what are your options if you want a mortgage
when you're over 60?
Until a few years ago, probably not many, as few mortgage
lenders were willing to offer loans that extended
beyond the traditional retirement age of 65, let alone accept
the over-60s as new clients.
That meant if you wanted to take your first step on the
property ladder, or to trade up to a more expensive home,
your chances of borrowing to fund it were slim.
And if you wanted to unlock value from your home, an equity
release plan was the only realistic option.
But things are changing the mortgage market
has become so competitive that many lenders will now consider
borrowers they would previously have turned away.
So read on to discover which option is best suited to your
situation.
Will it be a traditional home loan, an equity release plan
or some other arrangement, such as a guarantor
mortgage or a personal loan?
To find out if you are still young enough for an ordinary
mortgage, read Mortgages for the over-60s
To read more on this subject please see the list below or your mortgage guide or your home buying guide
Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below
Read On / Mortgages for the Elderly
Am I too old to get a mortgage?
What if I can't get a mortgage?
Mortgage choices for the over-60s
Read On / Mortgage Basics
What
is a mortgage?
A basic summary of
the rules
How much can
you borrow?
How do you prove
your income?
How long are mortgages
usually for?
What will happen to interest rates?
Read On / Mortgage Guide
How
to Choose your Mortgage
Types of Mortgage
Remortgages
Where to Find your Mortgage
Getting a Mortgage in Principle
Read On
Guide to Buying Home in the UK
Guide to UK Home and Mortgage Insurance
Click here to see your Latest Best Buy Mortgages
Read more Mortgage Basics (list below)
See contents of Full Mortgages Guide
See contents of Home Buyers Guide
I've read enough for now and want to get a free Quick Mortgage Quote
Mortgage Basics
What is a mortgage?
A basic summary of the rules
How much can you borrow?
How do you prove your income?
How long are mortgages usually for?
How to get a Mortgage in the UK
Here we give you a step by step guide on how to get a mortgage with special tips
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Mortgage Basics
How to Choose your Mortgage
Types of Mortgage
Where to Find your Mortgage
Getting a Mortgage in Principle
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Read On / Mortgage Basics
What is a mortgage? A basic summary of the rules The choices you need to makeHow much can you borrow?
How do you prove your income?
How long are mortgages usually for?
What will happen to interest rates?
