
- No fee remortgage for over 60s
- 5.14% fixed for life
- Free valuation
- No hidden costs
- A new lender to the market that is not available on the comparison websites
- No upper age limits

I was sick of my lender’s standard variable rate on my existing mortgage deal. Since there were no early repayment charges with my current mortgage deal, I started looking at mortgage deals and lenders with good interest rates. I wanted a fixed-rate mortgage, so I knew what the monthly repayments would be as I used the remortgage calculator.

I looked for interest only remortgage for over 70s for about a year, then I found a new lender with a low rate even after rates had gone up significantly.

The news that my current mortgage deal ends was very worrying. I needed to look at remortgage deals with a mortgage lender that offers fee-free mortgage advice so I could save money on the remortgage process.

My existing lender told me my current deal, which had no early repayment charge, had come to an end. I needed to compare mortgage deals with no arrangement fee or valuation fee and low monthly payments.
I wouldn’t say I liked the standard variable rate SVR, but I wanted to fund home improvements with a low remortgage rate.
Difficult to mortgage property types can include difficult roof structures, properties with pre 1945 asbestos or similar composition roof tiles, privately developed flats, maximum four storeys with a lift, privately developed flats in blocks of five storeys or more and basement or lower ground floor flats with level access to private or communal garden space.
Remortgage for over 60s
A remortgage for over 60s is likely more common than you think. As many people have had interest only mortgages for many of their lives, many people come to retirement still owe the bank money. As long as you have sufficient retirement income, you can get a remortgage over 60 fixed rate.
A pensioner mortgage can be ideal for people with income who don’t want the roll-up interest of equity release.
Remortgage over 60 options in February 2025
A common remortgage for people over 60 can be completed with a free valuation and no lender fees. There is a lot of buzz around mortgages for over-60s money-saving experts and using the mortgages for over-60s calculator.
Challenging to finance home variants include flats of less than 30 square metres in any location, properties with room(s) or outbuilding(s) used for a small amount of personal commercial use, agricultural use of the land and any outbuildings, properties with flying or creeping freeholds which comprise over 15% of the total floor area and properties where Japanese Knotweed is present.
Low-cost remortgage over 65
From February 2025, remortgages for people over 65 are easy to qualify for with at least four lenders. Rates are very similar to those available to younger people.
Many of the most appealing retirement finance offerings include Lloyds Bank retirement interest only remortgages, HSBC interest only remortgages for over 65 year olds, Natwest retirement remortgages, Legal and General remortgages for people over 50 years old and Nationwide equity release plans.
Popular LTV percentages of TSB interest only lifetime remortgages for over 70s, Barclays Bank retirement remortgages over 70, Natwest interest only retirement remortgages for over 70s, Legal & General remortgages for 60 year olds, RBS later life interest only remortgages over 70 and Nationwide equity release plans for people over 60 are 40%, 60% and 70%.
A remortgage for over 70s was not common in the 1990s but now in 2025 there is a massive demand for a remortgage over 70.
A common loan-to-value ratio of LVE interest-only remortgages for over 65 year olds, More 2 Life interest-only remortgages for people over 70, One Family later life remortgages for over 70s, Yorkshire Bank remortgages for over 65, Royal London equity release plans for people over 60 and Axa interest only lifetime remortgages for over 70s are 40%, 55% and 70%.
Popular loan-to-value ratios of Aviva retirement remortgages over 65, Zurich equity release schemes for people over 70, best mortgages for over 60s, Sainsbury’s pensioner remortgages over 70s, Skipton Building Society interest-only lifetime remortgages for people over 60, Newcastle Building Society lifetime remortgages for over 60s and Detached property with 2 kitchens over 65 are 35%, 55% and 65%.
Many people want the certainty of a fixed-rate deal, so the mortgage provider fixes the new mortgage deal payments. The best remortgage deal can help you consolidate debts and preserve your credit rating.
It is likely to be very common in 2025 to remortgage to release equity with no early repayment fees to pay off your mortgage with a different lender to get a discounted rate. A remortgage for over 60s can be easy to get.
Can I get a remortgage at 60?
Yes, remortgaging at 60 years old is easy if you have good credit and sufficient income.
What is the maximum age for remortgage?
With some lenders, there is no maximum age to remortgage your home.
Can I remortgage at 62?
Yes, you can remortgage at 62 years old if you have enough income and pass the credit check and affordability. Halifax mortgages for over 60s are likely to be very popular in 2025.
Can I remortgage age 64?
Yes, you can remortgage at 64 and over. A rate for an over 70 remortgage can be nearly as competitive as that for a younger borrower.
Can You Get a 30-Year Mortgage at 60 Years Old?
Yes, you can get a 30-year mortgage at the age of 60 with many lenders in 2023. You need to have the right loan-to-value, sufficient income, and a good credit history.
Can You Get a Mortgage When You’re Over 60?
Yes, an over 60 remortgage or a new mortgage to buy a new home is quite possible with several lenders. You can find out more about it with a mortgage calculator. There is oversite by the FCA.
Can You Get a 30-Year Mortgage at 60 Years Old?
Yes, with some lenders age does not matter, what matters is clean credit and retirement income. Nationwide mortgages for over 60s are predicted to be very popular in 2025.
What is a lifetime mortgage for over 60s?
A lifetime mortgage for people over 60 is a finance product ideal for people who cannot afford to make a monthly interest payment and would prefer the interest to roll up over time and be added to the amount borrowed.
What are my chances of getting a mortgage at 75 years old?
If you have good credit, good long-term income, and a loan-to-value ratio of less than 70%, it can be very easy to get a mortgage or remortgage.
Challenging to mortgage property variants include properties with a sinking fund of 7% or more of the property sale price when the property is sold, ground rent where the lease or any deed varying the lease provides for a ground rent exceeding, or where the escalating provisions would result in the ground rent exceeding £250 per annum (or £1000 per annum where the property is in Greater London), properties where there are boundary disputes or where planning applications have not been applied for correctly, thatched buildings and missing planning permission or building regulations approval.
Last updated: January 24, 2025 at 8:43 am
Updated: 16 day(s) ago
Today's date: February 9, 2025
Remaining days in the month: 19 day(s)
Property Metric | Value |
---|---|
Equity Release Over 55 | 4.53% |
Retirement Interest Only Mortgage (RIO) Income Required | 4.35% |
Interest Only Lifetime Mortgages | 4.45% |
Standard UK Residential Mortgage 2 Year Fixed | 4.26% |
Standard UK Residential Mortgage 5 Year Fixed | 4.13% |
Adverse Credit UK Residential Mortgage 2 Year Fixed | 4.98% |
Adverse Credit UK Residential Mortgage 5 Year Fixed | 4.84% |
Homeowner Loans | 6.48% |
Bad Credit Secured Loans | 9.59% |
Prime Car Finance | 4.5% |
Bad Credit Car Finance | 7.51% |
Average Number of Days for a House Sale to Complete | 93 |
Average UK House Price | £292200 |
Average UK House Price Per Square Foot | £265.64 |