Mortgages For Over 70’s

If you require a mortgage and are over the age of 70 then we can help. Speak with a mortgage expert and they will be able to explain the options and products that are open to you. We have access to the entire mortgage market which means you dont miss out on any of the best deals and we have direct access to all the lenders in the UK.

All Credit Types
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This provider is our Expert’s Choice in its category as it won tops marks for the following.


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Loan Type
All Mortgages (Residential & BTL)

Loan Amount

Variable & Fixed Deals

Loan Term
35 Years Max

Norton are our approved experts. They are a mortgage broker, not a bank, so they can search the wider market place to find you the best products and cheapest rates. Quickly find out how much you can borrow and what it will cost, including rates and fees.

You get more choice of lenders not more rejections. They can help even if you have a bad credit history. And that’s more than any bank on the high street can offer.


Are there many lenders willing to borrow to someone 70 or over?

There are a range of lenders who can offer mortgages to older borrowers. The main 2 deciding factors are loan term that is required and affordability or proof of adequate income. For example a 70 year old will only be able to take out a mortgage or secured loan over a short term.

Can my pension or benefits be taken info consideration as my income?

Yes. Lenders will use any pension or benefit entitlements as part of the income calculation. However, lenders are not all the same and will have their own rules and stipulations. We would advise you speak to a broker who can recommend a suitable lender to suit your requirements.

What lenders are available?

Here is a quick list of lenders who accept 70 year old mortgage applicants. Accord – Ahli United Bank – Aldermore Mortgages – Bank Of Ireland – Bath BS – Beverley BS – BM Solutions – Cambridge BS – Chorley BS – Clydesdale Bank – Coventry BS – Darlington BS – Ecology BS – Family BS – Furness BS – Godiva Mortgages – Halifax – Harpenden BS – Hinckley & Rugby BS – Kensington Mortgages – Kent Reliance – Leeds BS – Leek United BS – Lloyds Bank – Manchester BS – Mansfield BS – Marsden BS – MBS Lending – Melton Mowbray BS – Metro Bank – Monmouthshire BS – Mortgage Trust – National Counties BS – Nationwide BS – NatWest – Newbury BS – Newcastle BS – Nottingham BS – Paragon Mortgages – Platform – Post Office – Precise Mortgages – Principality BS – Progressive BS – Royal Bank of Scotland – Saffron BS – Santander – Scottish BS – Scottish Widows Bank – Sensible Home Finance – Skipton BS – Stafford Railway BS – Teachers BS – The Hanley Economic BS – The Mortgage Works – Tipton & Coseley BS – Ulster Bank – Vernon BS – Virgin Money – West Bromwich BS – Woolwich – Yorkshire Bank

What is a roll up lifetime mortgage?

These mortgages essentially pay you a lump sum of somewhere between 20% and 25% as a loan that is then paid back when you die or when you go into long term care and your home is sold. This initially sounds like a very attractive option as you don’t have to make any monthly payments. However you do have to be aware that although you initially get the loan interest free, you then start paying interest on it, which gets added onto the loan amount that gets repaid later on. The interest rate starts at 1.75% in the first year, but this then increase each year that you have the loan. It doesn’t take much calculating to know that your loan amount is going to grow fairly quickly. Depending on how long it is between you taking the loan out and your home being sold to pay it off, you could find that there is very little equity left once the loan has been repaid. The only guarantee is that the loan will never be more than the equity in your home.

What is a home reversion plan?

With the Home Reversion Plan you sell a share of your property to a lender in return for a cash lump sum. The share of your property that you sell will generally be around 25%, but you will be giving up up to 70% of your home. You can live in your home rent free, but when your home is sold the lending company will get 70% of the sale value. Unlike the roll up mortgage, this percentage share will not change so you will know exactly what you will have after the sale to leave to your family after you die. However the exact monetary amount will depend upon the final value of the property.

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