Am I too old to get a mortgage?
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
Read On / Mortgages for the Elderly
Read On / Mortgage Basics
Read On / Mortgage Guide
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
Fill out our quick form to speak to an FSA qualified mortgage adviser
£6,000 and £15,000
on your Mortgage
how much you could save
Read On / Mortgage BasicsWhat is a mortgage? A basic summary of the rules The choices you need to make
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 GuideHow to Choose your Mortgage
Types of Mortgage Remortgages
Where to Find your Mortgage
Getting a Mortgage in Principle
Costs of a UK Mortgage
Your Mortgage TOP TIPS
A to Z all UK Mortgage Types