Retirement Interest Only Mortgages

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Retirement Interest Only mortgages are a relatively new product to the mortgage industry. They were introduced by the Financial Conduct Authority to help people who have an Interest Only mortgage that has come to an end but don’t have the capital to repay the original loan. If you want to live in the property and it’s affordable, you can refinance under this product structure and continue paying interest for the lifetime of the mortgage.

The loan has no end date and is repaid when the mortgage holder moves into care or dies.

Retirement Interest Only mortgages are of particular interest to those who do not want an Equity Release mortgage where the interest costs roll up.

 

Stacey H.

Excellent support, guidance and help from the team. I knew nothing about how to buy a house but the team were so helpful and helped me feel at ease! I completed on my home far quicker than expected and it wouldn’t have been possible without the help of the team. Fantastic guidance as well on arranging home insurance and life insurance, an extra level of support I didn’t expect to receive.

Leon J H.

Brilliant experience will highly recommend this was a really good and really fast process and will use again in future, with being in the army time was very difficult and they was really supportive and time efficient on getting in touch and understanding when I was busy with being overseas, Carnt thank them enough now I have my own home Thankyou

Jayne H.

Claire and her team were brilliant helping us with our mortgage. I would highly recommend them to anyone and will continue to use their services.

Gaz P.

Excellent service, one phone call and everything was sorted, no hassle, no stress. Highly recommended.

Craig C.

Would definitely recommend this service as through our experience, they were just a call away to answer any questions we had and always put our best interests first. They kept us at ease as we were very nervous going through the house buying process but they always up to date and explained everything very well.