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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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Average Rating
Jim Brightman - Northallerton, North Yorkshire
Excellent. Even though I'm incredibly difficult to get hold of and bad at answering emails, Rachel persisted to make sure she got things sorted for us in terms of the best deal.
Posted 10 Sept 2024
A Valued Customer
Good communication and support
Posted 09 Sept 2024
Michael Boateng - Bristol
Nothing but good things to say about Mortgage Advice Bureau, everyone we've dealt with has been brilliant. I first spoke to Craig Greenwood, who was friendly and professional. Craig put me in touch with our Mortgage Adviser Adam Squire, who has been massively helpful. Our circumstances weren't straightforward, but Adam was patient and reassuring, and he worked to find a solution for us in a timely manner. Holly Camplin has been great in managing our case and providing us with timely updates, and Jess Clemit was also helpful in Holly's absense. Big thanks to all!
Posted 09 Sept 2024
A Valued Customer
Excellent personalised service. It's very reassuring to know you have the right advice.
Posted 09 Sept 2024
A Valued Customer
Really helpful advice that was given and provided thorough explanations of what to expect, as well as providing information regarding what would affect my policy. I was provided regular check ins to ensure I was up-to-date with information and the next steps. Would definitely recommend this service to anyone requiring mortgage advice.
Posted 09 Sept 2024
Sanjay Kumar - Nottingham
Posted 09 Sept 2024
Alistair McAllister - DENNY
This is our third time using David, with a professional, excellent service. He really understood our needs and really went extra mile to help Can not recommend enough
Posted 09 Sept 2024
A Valued Customer
They are very professional, always happy to help no matter what the issue might be. Your never made to feel like your asking stupid questions, very helpful and extremely professional
Posted 09 Sept 2024
Matt Fisher - Lincolnshire
Marc Beckett was second to non! Absolutely fantastic service. High recommended, will 100% be using again in the future.
Posted 09 Sept 2024
Paul Szakacs - Prudhoe
Gemma is always friendly and helpful and always at the other end of the line when you need them. Detailed monthly report about your mortgage and home value.
Posted 09 Sept 2024

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