Average Customer Rating 4.9 / 5
Independent feedback based on 29599 verified reviews.

We're the experts in mortgages for over 50s

If you're aged 50 and over, a mortgage with us could enable you to repay your existing mortgage, help your family financially, or access the equity tied up in your home without the need to sell or move. 

Mortgages for over 50s residential mortgage icon showing a house with two coins

Residential mortgage

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

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

Find out more

Mortgages for over 50s retirement interest-only mortgage icon showing a house with a coin containing a percentage sign.

Retirement interest-only mortgages (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 and into long-term care. 

Find out more

Mortgages for over 50s lifetime mortgage icon containing a house with a clock next to it.

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 and into long-term care.  

Find out more

Things to consider with mortgages for over 50s

Before your 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 mortgage for over 50s can make it more expensive. 

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

Want to learn more? Discover our mortgages for over 50s guide

If you're nearing retirement, or are already enjoying it, our mortgages for over 50s guide is designed to answer all your questions and provide clarity on what mortgage options are available to you in later life. 

Mortgages for over 50s guide image showing the page for getting to know your options and starting your mortgage journey.

Ready for a chat? Book a callback

Fill in the form and one of our specialist advisers for mortgages for over 50s 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 a mortgage for over 50s?

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.

Do I need to be retired to quality for a mortgage for over 50s?

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

Can I use a mortgage for over 50s 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.

What are the costs associated with mortgages for over 50s?

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 a mortgage for over 50s for home improvements?

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

What is a lifetime mortgage?

A lifetime mortgage allows homeowners aged 55+ to access the equity in their property without selling it. You can release funds as a lump sum or regular payments. The loan is typically repaid upon death or moving into long-term care.

Latest articles

What's the difference between a RIO and a lifetime mortgage

Not sure which retirement mortgage is best suited for you? Let’s compare two popular options - a lifetime mortgage and a retirement interest-only mortgage.
Read more

Is a lifetime mortgage a good idea?

Let’s talk about whether a lifetime mortgage is a good idea for you, and what you need to know about the benefits and risks.
Read more

How to improve your chances of getting a mortgage in later life

From standard mortgages to retirement interest-only loans, here’s everything you need to know to improve your chances of getting a mortgage when you’re over the age of 50.
Read more
29599
Total reviews
Excellent
4.9
Average Rating
David Rastall - Merseyside
Sam Arnell is brilliant. Great advice and work from him. I’m very busy and forgetful but Sam kept on me to get the forms he needed off me with a lot of patience. Found us the best product and can’t rate him highly enough 👍
Posted 25 Mar 2025
A Valued Customer
Have been helpful and supportive throughout this whole process, going that extra mile.
Posted 25 Mar 2025
Shailesh Singh
Excellent service. good communication. Both Neil and Holly were excellent, professional and helpful. They were proactive and focussed on what I wanted and catered to my specific condition and suggested and recommend accordingly.
Posted 25 Mar 2025
Katie Murgatroyd - Middlesbrough
Heather was lovely and always happy to help. Answered any questions I had quickly and was very supportive throughout the process. Highly recommend.
Posted 25 Mar 2025
Hudebia Khalid
Posted 25 Mar 2025
A Valued Customer
This was my first time using the service but I have been guided through every step. I got a much better deal and service through Ben and Lucy then I would have got going direct to my bank.
Posted 25 Mar 2025
Christopher McCreath - Chatham
Myself and my wife would highly recommend James and his services with regards to obtaining our mortgage. His knowledge, patience and professionalism was instrumental in helping us make the decision needed in taking the next step in our life and buy our first home. Thank you James and wish you all the best!
Posted 25 Mar 2025
A Valued Customer
Very helpful and informative guidance, especially as first time buyers who need a little more help in navigating the process from start to finish. Our mortgage advisor Vickie is always on hand to answer any questions we have and has handled as much of the process as she can, allowing us to sit back and enjoy the process of purchasing our future home.
Posted 25 Mar 2025
Gareth Wheatley - Bradford on Avon
Posted 25 Mar 2025
A Valued Customer
I have just been through the process of selling and purchasing a property. Mike from the MAB has been great from the start finding us the best mortgage deal and making the process hassle free!
Posted 25 Mar 2025

Ready to speak to an adviser?