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Yes, it’s possible to secure a mortgage if you’re over 60 in Leicester.
Lenders now accommodate older borrowers with tailored solutions, factoring in retirement income and offering flexible repayment terms.
Whether your goal is to remortgage, purchase, or release equity, seeking mortgage advice in Leicester will ensure you find the right product.
A mortgage advisor in Leicester can provide personalised support to meet your property goals.
For those over 60, mortgage choices can include traditional repayment mortgages, interest-only options, and specialist products like retirement interest-only (RIO) mortgages.
Equity release products, such as lifetime mortgages, may also be suitable for homeowners who wish to access funds tied up in their property.
Each of these options is tailored to provide financial flexibility and security, allowing you to choose the solution that best matches your future plans.
Speak with a mortgage broker in Leicester today to explore your options.
If you’re over 60 in Leicester, tailored mortgage advice in Leicester is essential to unlocking the right property solutions.
Our mortgage advisors in Leicester are experts at identifying suitable lenders, explaining the products available, and ensuring your specific needs are met.
From competitive rates to repayment terms that align with retirement plans, we’ll help you navigate every step with ease.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £995.
You should always think carefully before securing a loan against your property.
A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.
Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.
Borrowers over 60 in Leicester have access to options like equity release, which provides financial flexibility while retaining homeownership, and retirement interest-only mortgages, offering manageable monthly payments.
Lenders also provide repayment mortgages, where affordability is assessed based on pensions or other income.
Speaking with a mortgage advisor in Leicester ensures a tailored approach to your borrowing goals.
Using retirement income for affordability checks, making it easier for borrowers over 60 to secure a mortgage.
Accepted income typically includes state and private pensions, as well as annuities or savings withdrawals. For those with rental income or dividends from investments, these can also be factored into the calculations.
Some lenders may set stricter requirements for demonstrating long-term affordability, so working with a mortgage advisor in Leicester can help ensure your application is as strong as possible.
Borrowers over 60 in Leicester will find that age limits for mortgages depend on the lender and loan type.
For traditional repayment mortgages, the term often needs to conclude before age 75–85.
For products like equity release schemes or retirement interest-only mortgages, there are usually no age restrictions.
Seeking professional advice ensures you connect with lenders who accommodate older borrowers.
For borrowers over 60 in Leicester, mortgage terms can be adjusted based on the product and lender requirements.
Traditional repayment mortgages typically offer shorter terms, such as 10–15 years, to fit within a lender’s maximum age criteria, usually around 75–85 years.
Products like lifetime mortgages or retirement interest-only plans provide more flexibility by eliminating fixed terms and linking repayment to the property sale.
These options are ideal for those who want to release funds without committing to a rigid schedule.
Speaking with a mortgage broker in Leicester ensures you choose a term that aligns with your financial plans.
Equity release gives you the freedom to use your property’s value as a financial resource while staying in your home.
Whether you wish to supplement your income, pay for essential upgrades, or assist family members, this option provides tax-free funds in a way that suits your needs.
No repayments are required during your lifetime, making it a low-stress way to access capital.
Speaking with a mortgage broker in Leicester ensures you understand how equity release fits into your financial plans.
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Anonymous
Very professional. Kept me informed every step of the way. Explained the mortgage application process fully. Found me another lender immediately, after my first application got rejected.
2 months ago
Anonymous
I found Moneyman to be very professional and easy to work with. They explained everything clearly, kept me informed throughout the process, and were always easy to contact. I especially appreciated the personal touch of having a video call, which...
6 months ago
Anonymous
Great and knowledgeable advisor, Leo has been helping every step of the way and was able to answer lots of questions and provide lots of advise. Highly recommend using Leicestermoneyman
6 months ago
Emma
Beyond happy with our experience with moneyman. Quick responses, helpful and friendly. Definitely went above and beyond our expectations. Wouldn’t trust anyone else. Thank-you!
7 months ago
Neil
Highly recommend Leo Shakespeare! Leo has been very helpful, approachable and informative - we will be recommending him to others who are buying a home.
7 months ago
Elizabeth
I approached moneyman with an urgent problem of remortgaging my property within a deadline of 2 months or I loose my property .I was professionally welcomed by Paula and her 2 other colleagues who gave me advice and options of what I can do ....
10 months ago
Simon
Brilliant service thank you for all your help
1 year ago
Dawid
Excellent
1 year ago
Grant
Very fast friendy service, any questions were answered throughly and quickly and the whole service from start to finish was smooth and stress free.
1 year ago
Lucy
Excellent service from start to finish! Chris kept us fully informed and answered all of our questions throughout. He took the pressure off us and was professional throughout! Highly recommend!!
1 year ago
Rebekah
Jo and Chris were extremely helpful. Got everything done so quickly!
1 year ago
Joanne
It was smooth, took all the stress of reseaching the best mortgage. Easy access to appointments. TOM was great and understanding
2 years ago
Bhaven
Very very good thank you
2 years ago
Zubair
Charlie was very easy to talk too and made things easy and simple to understand and explained our options in detail which really helped us through the process as first time buyers.
2 years ago
James
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
2 weeks ago
Samantha
Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
2 weeks ago
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
3 months ago
Nafesa
I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
5 months ago
Anonymous
Incredibly helpful, supported throughout whole process
5 months ago
Nazeef
Fantastic experience. Charlie helped me race through to secure the most suitable mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
6 months ago
Starting your mortgage journey begins with a free initial appointment where we’ll focus on your individual needs. This no-pressure session provides an opportunity to ask questions, share your goals, and learn about the options available. Our team in Lincoln will ensure you feel fully supported from the start.
We believe in exploring every possible option before making a recommendation. From restructuring your current mortgage to considering other financial arrangements, we’ll make sure later-life lending is the best choice for you. This thorough approach ensures your decision is the right one for your circumstances.
Decisions about later-life lending can feel more comfortable when discussed with trusted people in your life. Whether it’s family members or close friends, their involvement can help you feel confident. We’re happy to answer their questions and provide resources to ensure everyone feels informed.
After understanding your situation and exploring the alternatives, we’ll provide a recommendation tailored to your specific goals. This advice is designed to align with your long-term plans, ensuring your financial future is secure and manageable.
We start with a free, no-obligation appointment, giving you the chance to discuss your needs with a dedicated mortgage advisor in Leicester. During this session, we’ll learn more about your financial goals and provide clear advice on the options available to you. It’s a straightforward, pressure-free way to begin your journey with support from an expert.
With access to thousands of mortgage deals from a wide range of lenders, we work hard to find the right option for you. As an experienced mortgage broker in Leicester, we compare the market to secure a competitive deal tailored to your circumstances. Whether you’re remortgaging, buying a new property, or exploring later-life lending, we handle the search so you can focus on your plans.
Our mortgage advice in Leicester is built around your needs. From your first appointment to securing the perfect deal, we’ll guide you every step of the way. As a trusted mortgage broker in Leicester, our priority is to simplify the process, saving you time and ensuring you feel supported throughout.
We know life doesn’t always fit into the typical Monday-to-Friday schedule. That’s why our mortgage advisors in Leicester are available seven days a week, offering flexibility to speak at a time that suits you. Whether it’s an evening call or a weekend appointment, our team is here to help when you need us most.
Purchase mortgages for over 60s are designed to help you buy a property suited to your retirement needs.
Lenders consider pension income or other retirement funds, offering flexible terms to match your financial goals.
A mortgage broker in Leicester can help you find the most suitable product, whether you’re downsizing, relocating, or purchasing a new home for retirement.
Remortgaging after 60 in Leicester is a practical way to secure better terms, reduce monthly payments, or release equity.
Later-life remortgage products often consider retirement income, giving you access to competitive rates and terms.
Mortgage advice in Leicester ensures you explore your options and make a well-informed decision.
Equity release in Leicester is an excellent option for unlocking funds tied up in your property without selling.
With products like lifetime mortgages, you can access a lump sum or drawdown facility, providing financial freedom for retirement expenses.
A mortgage advisor in Leicester will guide you through the process, helping you choose the right solution for your circumstances.
Even with a poor credit history, finding a mortgage after 60 in Leicester is possible.
Specialist lenders focus on current financial stability, assessing pension income and property equity.
A trusted mortgage broker in Leicester can connect you with suitable lenders who understand your situation.
Retirement mortgages in Leicester provide flexible solutions such as interest-only or equity release products.
These options align with your financial goals, allowing you to manage payments or access funds for retirement.
Speaking with a mortgage advisor in Leicester ensures you choose a product tailored to your needs.
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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Leicestermoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Leicestermoneyman 2025.
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