What are your mortgage options?

Rising house prices means that lots of people are unable to purchase their first home until they’re into their 30’s. Coupled with the fallout from interest–only mortgages from 25 years ago, around 3 million people now expect to still be repaying their mortgage after the current state retirement age of 62. Lenders have reacted to this with a rise in the number of mortgage plans designed specifically for those aged 75 and over.


Is it for me?

But, you may ask, what about if you’re over 50, no longer work, you don’t have a steady income, or you may be coming to the end of an interest only mortgage deal. You may think that a standard repayment mortgage isn’t an option for you. Getting a mortgage when you’re over 50 or have complex borrowing needs can be tricky but it is still achievable.

Do I have options?

The good news is that there are still options available, you just have to either do your research and look wider than the high street names that you’re familiar with, or go to a specialist broker, such as us at Age Partnership, who will do the research for you and may have access to plans that aren’t available directly to members of the public.

There's a wide range of solutions

  • We have a specialist mortgage team who receive unique training in mortgage solutions for the over 50s.
  • 72% of all mortgages now offer age limits over 75, according to data compiled by Moneyfacts.
  • There are over 4,000 mortgages available for over 65 year olds, according to data compiled by Moneyfacts.

For those who are coming to the end of an interest–only mortgage deal there are an increasing range of options now available, such as a retirement interest–only mortgage which allows you to repay the loan when you sell up, die or move into long term care. With this option you only have to prove that you can afford the monthly interest repayments for life, rather than the full loan amount. This option is similar to an equity release lifetime mortgage.

Whatever your mortgage requirements our advisors are on hand to answer any questions that you may have.


Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We provide initial advice for free and without obligation. Only if you choose to proceed and your case completes would a typical fee of £1,795 be payable.