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 and above who are looking to release equity, remortgage with us or move home. Our retirement mortgage has no set end date, giving peace of mind that your 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 you can borrow with our affordability calculators.

Find out more

Monthly payments calculator

Use the calculator to find out what your monthly payments might be based on the mortgage product and the type and term of your borrowing.

Get started Close

Mortgage details

Property value i

Error text here

Mortgage amount required i

Error text here

Your loan to value is i

We’re sorry but the maximum LTV for this product is X%

Mortgage term i

Error text here

Your estimated monthly payments: i

Error text here

Please scroll down for monthly payments by product.

This is the maximum amount based on the information you provided. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.

Variable mortgages

Product name	Initial rate i	Discount from SVR i	Overall cost for comparison i	Max % LTV i	Product fee i	Mortgage repayment
Retirement mortgage (power of attorney) variable lifetime discount See example	3.75%	1.85%	3.9% APRC	50%	£699	£XXX.xx per month See details
Representative example: A mortgage of £95,000.00 taken out for a period of 17 years on an interest only basis. Monthly instalments: £296.88 per month for 203 months. Total amount payable: £156,320.64. Total amount of credit: £95,000.00. The total amount payable includes valuation fee £255, product fee £699 and closing fee £100. The overall cost for comparison is 3.9% representative APRC. The APRC is based on a mortgage which runs for 17 years. The 17 year term and the APRC are used for illustration purposes only, as the Retirement Mortgage does not have a set term. The actual APRC will depend on how long the mortgage actually runs for. To compare mortgages from different lenders you will need to obtain illustrations for the same term.
Retirement mortgage (non power of attorney) variable lifetime discount See example	4.25%	1.35%	4.4% APRC	50%	£699	£XXX.xx per month See details
Representative example: A mortgage of £110,000.00 taken out for a period of 18 years on an interest only basis. Monthly instalments: £389.58 per month for 215 months. Total amount payable: £194,843.70. Total amount of credit: £110,00.00. The total amount payable includes valuation fee £285, product fee £699 and closing fee £100. The overall cost for comparison is 4.4% representative APRC. The APRC is based on a mortgage which runs for 18 years. The 18 year term and the APRC are used for illustration purposes only, as the Retirement Mortgage does not have a set term. The actual APRC will depend on how long the mortgage actually runs for. To compare mortgages from different lenders you will need to obtain illustrations for the same term. This example relates to the Retirement mortgage (non power of attorney) variable lifetime discount product. It is based on our current Standard Variable Rate of 5.60%, with fees not added to the mortgage. Please ask for a personalised illustration for your own specific requirements.

Useful stuff

Customer feedback

Read what our members say about Bath Building Society on the review platform, Smart Money People

Also in this section