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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.
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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Simon
Brilliant service thank you for all your help
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Dawid
Excellent
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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.
6 months 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!!
7 months ago
Rebekah
Jo and Chris were extremely helpful. Got everything done so quickly!
9 months ago
Joanne
It was smooth, took all the stress of reseaching the best mortgage. Easy access to appointments. TOM was great and understanding
1 year ago
Bhaven
Very very good thank you
1 year 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.
1 year 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 best 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
Andrea
The service was really good and want to say a big thank you to Leo and Wendy for all there help and guidance 😊
2 years ago
Ryan
Leo who help deal with all of our mortgage was brilliant, professional always there to guide us and explain every step, fully recommend him, We also spoke with Wendy and once again she was very friendly polite and there to help with anything...
2 years ago
Mohit
Really good service by Malcolm and the team. Fast and made sure to understand my needs regarding the mortgage I wanted and to meet them. Would recommend
2 years ago
Tyler
Had great help from both Joe and Chris and Chloe who were all friendly and always happy to help
10 months ago
Rosie
Made everything very easy, we are first time buyers and they couldn't have been more helpful or informative. They didn't make us feel like we were stupid for not know anything about buying a house and talked us through the entire process. They even...
10 months ago
Sophie
Tom and Meghan were brilliant throughout the entire process! Both were friendly and knowledgeable and explained everything to us clearly and answered our countless questions and gave us clarification where we needed it. Both were easy to contact and...
10 months ago
Starting your mortgage journey begins with a free 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 best 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.com & Leicestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Leicestermoneyman.com & Leicestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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