This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more

Remortgage Hotline call now 0117 313 7780

What is your mortgage for?

use mortgage calculator
 

1.22% 2 Year Fixed 

  • Overall cost for comparison 3.80% APRC

Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years.Rate fixed for 2 years after which reverts to Post Office variable rate of 4.24%.

Call Post Office on 0808 179 6813

2.29% 5 Year Fixed 

  • Overall cost for comparison 3.90% APRC

Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Yorkshire Bank variable rate of 4.70%.

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 1.17%
Rate type: Fixed Aug-2019
Monthly cost: £390.37 per month
Max LTV: 60%
Product fee: £1720.00
Overall cost for comparison: 3.8% APRC
Post Office logo 1.17% Fixed Aug-2019 3.8% APRC 60% £1720.00 £390.37 per month get quotes Call direct0808 178 6813
Initial rate: 1.17%
Rate type: Fixed Aug-2019
Monthly cost: £390.37 per month
Max LTV: 60%
Product fee: £1720.00
Overall cost for comparison: 3.8% APRC
Post Office logo 1.17% Fixed Aug-2019 3.8% APRC 60% £1720.00 £390.37 per month get quotes Call direct0808 178 6813
Initial rate: 1.27%
Rate type: Fixed Aug-2019
Monthly cost: £393.10 per month
Max LTV: 75%
Product fee: £1220.00
Overall cost for comparison: 3.8% APRC
Post Office logo 1.27% Fixed Aug-2019 3.8% APRC 75% £1220.00 £393.10 per month get quotes Call direct0808 178 6813
Initial rate: 1.27%
Rate type: Fixed Aug-2019
Monthly cost: £393.10 per month
Max LTV: 75%
Product fee: £1220.00
Overall cost for comparison: 3.8% APRC
Post Office logo 1.27% Fixed Aug-2019 3.8% APRC 75% £1220.00 £393.10 per month get quotes Call direct0808 178 6813
Initial rate: 1.28%
Rate type: Fixed Oct-2019
Monthly cost: £393.56 per month
Max LTV: 65%
Product fee: £1263.00
Overall cost for comparison: 4.1% APRC
Virgin Money logo 1.28% Fixed Oct-2019 4.1% APRC 65% £1263.00 £393.56 per month get quotes Call direct0330 057 1528
12345678910...

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Mortgages for Pensioners

If you are retired and want to buy a home using a mortgage, you could face extra barriers when it comes to proving you can afford to make the mortgage repayments. Mortgage providers can be hesitant to lend to retired people without the reassurance of a steady income from employment.

Most mortgage providers set an upper age limit for taking out one of their mortgages, which is usually between 65 and 70. They will also normally specify an age by which the mortgage has to be repaid. This can automatically exclude pensioners from many common mortgages.

However there are a number of lenders who have much higher age limits, or none, so no matter you are you may still be able to get a mortgage if your meet lenders’ other criteria. We can help you find the best mortgage options for you, no matter your age.

Our pensioner mortgage broker service

Our team of highly experienced mortgage brokers work with borrowers of all ages, including pensioners, to offer you:

  • Whole of market access – we have links with all the top mortgage lenders
  • Market-leading mortgage rates – see all the top mortgage deals currently available
  • Exclusive deals not available on high street – including from private banks and lenders
  • Fast turnaround - speak to us today if you need to move quickly
  • Mortgages for bad credit – we have contacts with lenders willing to consider borrowers with previous defaults and missed payments 
  • Mortgage for complex situations – including for ex-pats and foreign nationals
  • Extra borrowing on top of your mortgage – additional secured loan options, including bridging finance

To investigate your mortgage options, try our free mortgage calculator or get in touch with our experienced mortgage brokers by calling 0117 313 7780 or filling in the call back form on the right.

Mortgages for pensioners

Proving your pension income

Just like any other mortgage, you will be required to demonstrate that you have adequate means to repay your mortgage loan. If you are a pensioner, this will likely come not from your salary, but from pensions, investments and savings.

While some lenders will not be willing to consider income, other than from employment, there are a number of specialist and private lenders with more flexible criteria. These types of lenders are normally only accessible through professional intermediaries, such as mortgage brokers.

Equity Release Schemes for pensioners

If you are pensioner a mortgage may not be your only option to consider if you want to raise cash without leaving your current property. Equity release mortgages could let you unlock the value in your property. Releasing equity from your home could provide an option for pensioners who want to gain access to an extra income stream.

There are two equity release mortgage formats:

Lifetime mortgages - Repaid from the sale of your home which will usually occur either when you pass away or move into residential care. The amount you can borrow will depend on your age (and your partner’s age, if applicable)

Home Reversion Schemes - Involves selling your property to a reversion company. You therefore no longer own your home but live there as a tenant.  The reversion company will sell your home when you pass away or move into residential care.

Find the best mortgages for pensioners

Looking for the best interest rates on mortgages for pensioners? Our free mortgage calculator allows you to quickly and easily compare leading deals from across the market, so you can find the most appropriate borrowing for your needs.

For more personal mortgage advice, call Fair Mortgages today on 0117 313 7780 or fill in our call back form on the right hand side of the page.

house icon

Call 0117 313 7780 or Request Callback for our 60+ mortgage service

For a FREE initial conversation about your mortgage options complete our short enquiry form.

request call back

Please confirm your details

Extra information

The optional information below will help us to contact you

Our Services