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We're the experts in over 50s mortgages

If you’re aged 50 and over, a mortgage with us can let you access the equity tied up in your home without the need to sell or move.

Whether you'd like to repay your existing mortgage, help your family financially, or free up some cash to improve your life, we’re here to help.

Standard residential mortgage

If you have a steady income that can cover the repayments, you might be eligible for a standard residential mortgage. 

You can choose between two repayment options: capital repayments or interest-only repayments.

Find out more

Retirement interest-only mortgage (RIO)

A retirement interest-only (RIO) mortgage is a loan secured against your home. 

You have to pay the interest off monthly, but the full amount of the loan isn't usually repaid until you pass away or move out of the home into long-term care.

Find out more

Lifetime mortgage

A lifetime mortgage is a loan secured against your home. There’s no need to make monthly payments, unless you choose to. The amount borrowed and the added interest typically aren't repaid until you pass away or move out of the home into long-term care.

Find out more

Things to consider

Before you take a loan against your property, be sure to weigh up your options. A lifetime mortgage can reduce the value of your estate, and may affect your entitlement to means-tested benefits. Keep in mind that paying off an existing mortgage using a lifetime mortgage can make it more expensive.

 Mortgage Advice Bureau charges a fee of up to £995 for later life mortgage advice.

Want to learn more?
Download our later life guide

If you're nearing retirement or already enjoying it, our guide is designed to answer all your questions and provide clarity on the mortgage options tailored to your golden years.

later life mortgage guide

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Book a callback

Fill in the form and one of our specialist advisers will contact you to expertly answer any questions you may have.

You can also call us directly on  03300 164386

Request a call

Frequently asked questions

What is an over 50s mortgage?

Getting a mortgage in later life can be tricky. Luckily, as detailed above, we offer a range of mortgages designed for homeowners aged 50 and over. These mortgages allow you to access the equity in your home (or multiple homes) without the need to sell or downsize.

What are the costs associated with later life mortgages?

Potential costs may include a broker (advice) fee, a lender arrangement fee, legal fees, and valuation fees. Some lenders offer no upfront fees, while others do.

Can I use an over 50s mortgage for home improvements?

Yes! Many homeowners use an over 50s mortgages to renovate their homes, adapt for mobility, or make necessary repairs.

Do I need to be retired to qualify?

No, but you must meet the minimum age requirement for the mortgage type. Other requirements will differ between mortgages.

Can I use an over 50s mortgage to help my child buy a house?

Yes, you can use a mortgage to release equity from your property to support your child buy a house or reduce the size of their mortgage.

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27870
Total reviews
Excellent
4.9
Average Rating
A Valued Customer
I’ve had an amazing service.. so much support in source additional in for action I needed for my mortgage. Case admin kept in regular contact and I felt up to say with what was going on at all times.
Posted 05 Oct 2024
Sue - Wigan, Greater Manchester
The service I received from Shan and Sonia from start to finish was excellent. They were always polite and available to answer any questions I had. I would highly recommend them and will definitely use this company in the coming future. Thanks to you both.
Posted 05 Oct 2024
Chris / shellie - Crediton
Excellent communication, fast and effective. Friendly approach and explained various options and supported us in our decision. Would highly recommend.
Posted 05 Oct 2024
Christopher Williams - Walsall
The entire team at MAB have been brilliant. I would not have had the confidence to finallly get on the housing ladder without their excellent support. Lee was brilliant at explaining everything clearly and consicely. Always approachable. The Bramley admin team have been truly supportive as well.
Posted 05 Oct 2024
Anna
Absolutely recommend this service. Very professional and very friendly.
Posted 05 Oct 2024
Rachel Lisk - Carterton
As a first time buyer with no clue what I was doing it has been such a relief to know that someone else is handling it all! There have been no problems at all.
Posted 05 Oct 2024
A Valued Customer
Posted 05 Oct 2024
A Valued Customer
Posted 05 Oct 2024
Ricky Jones - Bristol
Derek has been amazing and could never do enough for us. I never thought I'd be in the position of getting a house but now it's all happening thanks to Derek. We couldn't recommend him enough.
Posted 05 Oct 2024
George Parry - Chesterfield
Fantastic service , super helpful and friendly. George Barnes couldn’t do enough to help us
Posted 05 Oct 2024

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