Broker Cases

Retirement mortgages

We’re proud to support mortgage customers of all ages and our Retirement Interest Only mortgages are aimed to meet the needs of borrowers aged 55 plus, who are looking to release equity, remortgage with us or move home. Customers must have a minimum annual household income of £20,000, typically a pension. Our retirement mortgage has no set end date, giving peace of mind that the mortgage term isn’t coming to an end.

Here you’ll find all the information you need to know about our Retirement mortgages.

Affordability calculator

Find out how much your client can borrow with our affordability calculators.

Find out more

Variable rate Retirement mortgages

Product name

Initial rate

Discount from SVR

Overall cost for comparison

Max % LTV

Product fee

Product name

Retirement mortgage (power of attorney) variable lifetime discount

Product code: SDD012

Initial rate

4.94%

Discount from SVR

2.30%

Overall cost for comparison

5.10% APRC

Max LTV %

50%

Product fee

Product name

Retirement mortgage (non power of attorney) variable lifetime discount

Product code: TDD012

Initial rate

5.44%

Discount from SVR

1.80%

Overall cost for comparison

5.6% APRC

Max LTV %

50%

Product fee

Loan:	Size: Minimum £75,000, Maximum £500,000, up to 50% of the property value. Term: Minimum 5 years.
Property:	Minimum Value: £150,000. Available on properties in England and Wales.
All applicants:	Must be UK residents. Minimum age is 55.
Income:	Household income must be at least £20,000 after deductions.

Loan:

Size: Minimum £75,000, Maximum £500,000, up to 50% of the property value.

Term: Minimum 5 years.

Property:

Minimum Value: £150,000. Available on properties in England and Wales.

All applicants:

Must be UK residents. Minimum age is 55.

Income:

Household income must be at least £20,000 after deductions.

Income After Deductions	Sole Borrower	Joint Borrowers
£20,000-£50,000 single or under £100,000 joint	5x	5x
Over £50,000 single or over £100,000 joint	6x	6x

Income After Deductions

Sole Borrower

Joint Borrowers

£20,000-£50,000 single or under £100,000 joint

Over £50,000 single or over £100,000 joint

What our Intermediaries are saying

Underwriting:	We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for the case will depend on your clients circumstances and our assessment of the risk.

“Excellent throughout the whole process from enquiry to completion.”

Jonathan, Mortgage Next

“Had a product transfer to do this was so easy to do and personal touch from your staff was excellent service I felt I was dealing with a real person.”

Ronald, Sandringham

“Submitted an application at a time when the lender was extremely busy but was always kept in touch with progress. Helpful and informed staff and a plasure always.”

Patrick, Berkeley Mortgages

“I have used Bath a couple of times since being a broker and they have been really helpful. Their people approach is really taken on board and my clients have been very satisfied with them as a lender. BDM is always really helpful too which makes a big difference. ”

Nikki, Assured Mortgages Worthing

“Every time I pick up the phone, I am filled with joy :-). Everyone I have spoken too looks at ways to help and all options available to my clients, ”

Kelly, Mortgage Solutions

“Overall a can-do attitude. Friendly & knowledgeable team, willing to think "outside the box" when necessary”

Gavin, Money Dr

Retirement mortgages

Variable rate Retirement mortgages

Lending Criteria and Information

What our Intermediaries are saying

How to apply

Contact us

Professional Intermediaries only