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Do you have an interest only mortgage coming to an end and are finding it difficult to extend your term with your current lender?

If your current mortgage lender has refused to extend your interest only mortgage simply because you are ‘too old’, then we may be able to help.

That’s because we don’t judge people by their age. We listen to their story, and if we can help by offering a longer term mortgage, that allows you to remain in your own home for longer or move somewhere more suitable, then we will.

We offer a number of fixed and variable rate mortgages that have interest only options, with generous terms for both our remortgage and moving home products. View our maximum mortgage term guidelines to find out more.

It might not be too late for a repayment mortgage either

Alternatively, we know some of our customers would like to start repaying some of the capital from their mortgage, but find that a repayment mortgage is only available for a very short period of time, if available at all.

We offer repayment mortgages up to the age of 95, meaning you could have longer to repay your mortgage which, in turn, produces a lower monthly payment and makes inroads into the original loan amount.

Extending your interest only or repayment mortgage (or a combination of both types of mortgage) may be a suitable alternative to those who are not yet ready to turn to equity release.

If you would like more information, call our friendly team on 03300 244625 to discuss your circumstances and see how we may be able to help.

Why Family Building Society is different:

  • We’ve been providing mortgages to those aged 65 or over for many years on both interest only and repayment mortgages, so we know what we’re doing.
  • 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.
  • Our experienced in house mortgage advisers are skilled at looking at your options and helping you decide which mortgage option is best for you

Why not see our real life examples of how we’ve been able to help customers with their interest only mortgage.

Call Us On
03300 244625
       

THE MORTGAGE WILL BE SECURED ON YOUR HOME

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOU MORTGAGE
                 

 

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