Borrowing into retirement

The population of the UK is ageing ‐ we’re all living longer and healthier lives. We’ve recognised this shift and adjusted our lending policy to reflect these changes. We know there are lots of reasons why you may be considering borrowing in later life and, providing you meet our criteria, we’ll be happy to help.

Things to think about before applying

Your income

We’ll need to know about any sources of income you have.

We’ll need to know it’s a reliable source and that you’ll be able to afford any monthly repayments on your mortgage.

Age limits

We’ll consider lending up to the age of 75 for residential mortgages and up to 85 for Buy to Let mortgages. That means you’ll need to make arrangements to pay off the mortgage before you reach those upper age limits.

If you’re not sure, try our mortgage calculators to check your details.

Impact on your circumstances

Taking out a mortgage when you’re older might have tax implications and have an impact on your state benefit entitlement. It’s important to get independent legal and financial advice.

For more information visit www.gov.uk.

Preparing for the future

Living longer brings with it a higher risk of ill health that could affect your ability to manage the monthly payments. You’ll need to take this into consideration when you apply for a mortgage.

How to apply

Call us to apply, get a quote or discuss your options 0800 121 8899.

Useful information

The Building Societies Association have created a guide called
‘Can I get a mortgage at my age?’.

Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.

Help

Call us on 0800 121 8899

Lines open

Mon-Fri 8am-7pm
Saturday 9am-2pm
Sunday & Bank holidays Closed

Yesterday, people waited on average

17 seconds for savings enquiries
17 seconds for mortgage enquiries

Want help?
Our help section is bursting with useful information. If you'd rather chat, just give us a call.

Help

Get in touch

Call us on

0800 121 8899

Monday - Friday
Saturday
Sunday

Bank holidays

8am - 7pm
9am - 2pm
Closed
Closed

Christmas and New Year -

Contact Centre

24 December

25 December - 26 December

31 December

01 January

8am - 2pm
Closed
8am - 2pm

Closed

Branch and agency times may vary over Christmas.

Yesterday, people waited on average

41 seconds for savings enquiries

28 seconds for mortgage enquiries