If you're approaching retirement or already retired and looking to take out a mortgage, there are options available to you. Mortgage Advice Bureau provide award-winning mortgage advice to help find the product that's right for you.
There are many reasons why you might be looking to borrow in retirement, and it's good to know that a mortgage might not be out of bounds.
You may be looking for a better mortgage deal or hoping to release some equity from your home for a variety of reasons, including home improvements. Or, you might be coming to the end of an interest-only mortgage term and looking for an option to continue this.
There are traditional mortgages available in retirement which have a set term and can be on a repayment or interest-only basis, or there are options such as Retirement Interest Only (RIO).
A RIO mortgage is an interest only mortgage with no maximum term. The capital is repaid when a life event occurs, such as the last remaining borrower (if joint) going into long-term care. It means you could stay in your home without needing to downsize.
Mortgage Advice Bureau can talk you through your options, providing expert advice to help you find the right mortgage for your circumstances.
Call 0808 501 2740 to speak to an adviser.
There may be a cost to mortgage advice. The amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Your adviser will talk you through any costs involved with the advice that will be provided.
Mortgage Advice Bureau's Mortgage Monitoring tool gives you ongoing updates about the value of your property, mortgage products currently available and the mortgage market in general. If you're not ready to enquire just yet, you can stay in the loop and decide when the best time to get in touch is.
Mortgages can sound confusing so we've pulled together a guide to mortgage jargon to help you navigate the most common terms and phrases used. Visit our 'Mortgage jargon' page to find out more.
Your home may be repossessed if you do not keep up repayments on your mortgage
Mortgage Advice Bureau
Marsden Building Society is an introducer to Mortgage Advice Bureau for mortgage advice and protection.
Mortgage Advice Bureau is a trading name of Farrell Heyworth Mortgages & Protection Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
Farrell Heyworth Mortgages & Protection Limited. Registered Office: The Pavilion, Church Street, Covell Cross Lancaster LA1 1EX Registered in England Number: 6264361
If you’d like to find out about our latest news, products and services, sign up to our e-newsletter. We won’t bombard you with emails and we’ll always treat your personal data with care.
Your privacy is important to us and we’ll ensure that your details are accurate and kept up-to-date. View our Privacy page.
01282 440500 * 