Average Customer Rating 4.9 / 5
Independent feedback based on 27870 verified reviews.

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

Ready for a chat?
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.

Latest articles

Home improve or move?

As property values fluctuate and lifestyle preferences evolve, homeowners are faced with the decision of whether to invest in their current property or embark on a new journey by relocating.
Read more

A guide to extending your home

Are you considering an extension to give you that extra bit of space but not sure what to do?
Read more

Does it matter if the market is going up or down?

If you are buying and selling a home, how much does the housing market matter?
Read more
27870
Total reviews
Excellent
4.9
Average Rating
Emily Morgan - Telford
Martyn and Jenny were wonderful to speak to about obtaining a mortgage for the first time. They made sure I got the best deal for my situation and the communication was excellent.
Posted 04 Oct 2024
Leanne
Great service Rachel was very professional explained the process and efficient
Posted 04 Oct 2024
John Bradbury - Bingley
I have been working with Andrew Milnes at the Mortgage Advice Bureau for years, and I couldn’t be more pleased with the service. Andrew is incredibly helpful, knowledgeable, and makes the entire mortgage process easy to understand. His guidance has been invaluable, and I know I can always trust him to find the best deals. Over the years, he has saved me thousands, and I feel confident in recommending him to anyone looking for mortgage advice. Andrew truly goes above and beyond!
Posted 04 Oct 2024
A Valued Customer
Luke Ratcliffe was an amazing help throughout the process of my mortgage. as this was my first purchase I found things very daunting and stressful but Luke was always able to answer any questions, he would always reply in good time, and most importantly he kept in contact with me throughout the process to ensure everything was completed to the highest standard.
Posted 04 Oct 2024
A Valued Customer
The people who work for MAB are good,and were very helpful to me and my application. In particular I would commend Andrew and Jenny their hard work and efforts gained successful outcome. Communications were not as good as I would have hoped for,but always responsive. Foundation were a nightmare,professionally,procedurally and in my opinion below standard.
Posted 04 Oct 2024
Juliet - London
I will 100% be recommending this company in particularly Luke Edwards who guided me through the process from start to finish in a timely manner. Being my first purchase everything from jargon to basic comprehension was new to me, but Luke ensured I fully understood everything and gave a detailed explanation of all his actions and requests. I fell like I just sat back and relaxed throughout the entire process 😁
Posted 04 Oct 2024
David Watson - Norwich
Very easy and stress free.
Posted 04 Oct 2024
Kevin Smith-Levy - Hessle
Callum is excellent! I've worked with him several times—on a buy-to-let, a remortgage application, and most recently, a new house purchase.
Posted 04 Oct 2024
Lee-Anne McAuliffe
Extremely approachable and excellent service
Posted 04 Oct 2024
A Valued Customer
The whole process was easy and seamless with all options clearly explained with regard to my specific requirements.
Posted 04 Oct 2024

Ready to speak to an adviser?