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Think it’s impossible to raise money if you’re retired or nearing retirement? We disagree.

Many of the big banks won’t lend beyond the age of 70, but at Family Building Society we don’t use computers to decide whether you should have a mortgage or not, nor do we make your age the ultimate factor in our decision to lend.

We have a number of different mortgage options available to suit your needs.

  • Remortgages. Has your current lender turned you down for a term extension on your Interest-Only mortgage? Or perhaps you'd like to remortgage to use some of the money tied up in your home to make some home improvements. Our remortgages could be what you need.
  • Moving home. Perhaps you'd like to move nearer to your family and be able to spend more time with children and grandchildren. Or perhaps you've always dreamed of moving to the coast and need a mortgage to help with the difference in property prices round the country. We've got a range of mortgages for moving house that might help you get that dream house.
  • Retirement Interest-Only Mortgages (RIO). Our RIO mortgages are Interest-Only mortgages that don't have a specific end date. The interest is repaid each month and the mortgage balance is repaid following a specific life event. Find out more about our Retirement Interest-Only mortgages and if they may be suitable for your needs.
  • Retirement Lifestyle Booster. Perhaps you've got enough to cover your day to day living expenses but would like a little extra each month to help you have the retirement you'd always dreamed of. Our Retirement Lifestyle Booster pays you a fixed sum each month for 10 years, with the option of a lump sum at the start. 

Why choose a mortgage from the Family Building Society?

  • We’ve been providing mortgages to those aged 65 or over for many years
  • We offer generous terms where other lenders often don’t – lending up to a 5 year term to an 90 year old and up to a 25 year term for a 70 year old for example
  • We take into account earned income up to age 70 and pension income beyond that
  • Our personal approach to lending and underwriting means we can advise on a variety of solutions that fit your unique needs
  • We have a team of dedicated mortgage advisers who can advise you on our mortgages with no charge

If you’re retired and have a pension, and are looking for an alternative to equity release, then the Family Building Society may be able to help where the big banks can’t.

If you’d like to find out more about our later life lending, or to check your eligibility, call us on 03300 244625 or email newbusiness@familybsoc.co.uk

 

THE MORTGAGE WILL BE SECURED ON YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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Family Building Society
Ebbisham House
30 Church Street
Epsom
Surrey KT17 4NL
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