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Mortgages for pensioners over 70 aren’t normal, not everyone does them. But here at the Family Building Society, we offer mortgages if you’re over 70. Even if you’ve been turned down by your current mortgage lender or other lenders.

What kind of mortgages do we offer?

You may have an interest only mortgage in your retirement and your current lender won’t extend your term. Or perhaps your family have relocated and you’d like to be nearer to them, but there’s a difference in property prices.

Whatever your situation, we offer a range of fixed and discounted rate mortgages suitable for remortgage or purchase on both a repayment basis and interest only.

Perhaps you’ve built up some savings over the years, but you’re not ready to use them yet, and you still require a mortgage. With interest rates so low at the moment, did you know you could put your savings to work with an Offset Mortgage? An Offset Mortgage allows you to keep your savings, with flexible easy access if required, and at the same time reducing your mortgage term or monthly payments.

Alternatively, if you’re not quite ready for equity release yet and are looking for an alternative to boost your finances, you may be interested in our Retirement Lifestyle Booster. Every month for 10 years you receive a fixed sum, and in return you pay the interest each month. At the end, what you owe is what you’ve borrowed. No rolled up interest, no sting in the tail.

Why choose a mortgage from us?

  • We don’t let computers make our lending decisions. We have a personal approach to lending and manually underwrite all our mortgages. This means we can advise on a variety of solutions that fit your unique needs
  • We take into account earned income up to age 70 and pension income beyond that
  • We offer generous terms where other lenders often don’t. For example, we lend up to a five year term to an 89 year old and up to a 16 year term for a 70 year old
  • We’ve been providing mortgages to those over 70 for many years

If that isn't enough, you can read about the experiences of real life customers, just like you, who have taken out a mortgage in their retirement.

Want to know more?

If you already have a mortgage adviser, ask them about the Family Building Society and our later life lending solutions. They'll be able to advise you on which of our mortgages may be most suitable to your circumstances.

Alternatively, we have a team of free in-house Mortgage Advisers ready to speak to you and help you, whatever your situation.

If you’d like to find out more about our mortgages for over 70s, or to check your eligibility, call us on 03300 244625 or email newbusiness@familybsoc.co.uk

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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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