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.

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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

Our Retirement Mortgages enjoy a discount from our Standard Variable Rate, currently 5.44% (variable), for the life of the mortgage.

Product	Interest rate i	Overall cost for comparison i	Max % LTV i	Product fee i	Example
Retirement mortgage (Non Power of Attorney) 1.35% discount for life	4.09%	4.3% APRC	50%	0.4% (£599 min)	See example Representative example: A mortgage of £100,000 taken out for a period of 17 years on an interest only basis. Monthly instalments: £340.83 per month for 203 months. Total amount payable: £170,342.49 Total amount of credit: £100,000 The total amount payable includes administration fee £125, valuation fee £285, product fee £599, completion fee £75 and closing fee £100. The overall cost for comparison is 4.3% representative APRC. This example relates to the Retirement mortgage (Non Power of Attorney) product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements. 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.	See details
Retirement mortgage (Power of Attorney) 1.85% discount for life	3.59%	3.8% APRC	50%	0.4% (£599 min)	See example Representative example: A mortgage of £59,000 taken out for a period of 17 years on an interest only basis. Monthly instalments: £176.51 per month for 203 months. Total amount payable: £95,960.53 Total amount of credit: £59,000 The total amount payable includes administration fee £125, valuation fee £230, product fee £599, completion fee £75 and closing fee £100. The overall cost for comparison is 3.8% representative APRC. This example relates to the Retirement mortgage (Power of Attorney) product, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements. 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.	See details

Retirement mortgages

Variable mortgages

General Mortgage Information