Remove tax-free money from your property or get a mortgage to move house at 1.97% APR
No need to make regular monthly payments if you don’t want to
Buy a family member a home without a mortgage
Still, have some mortgage outstanding? No problems
Continue to stay in your house for as long as you like

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Please enter a number from 4000 to 200000000.
Value of your property*
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Type of Finance*
- Equity Release
- Lifetime Mortgage
- Retirement Interest Only Mortgage
- Retirement Mortgage
- Conventional Payment Mortgage

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Customer Reviews

Mrs G from Leeds

My daughter is a single mother, and I got a £120,000 lifetime mortgage to buy her a flat outright as she has had a succession of poorly maintained rental flats not suitable for her child. Mortgages for over 60s was great for me

Mrs V from Hastings

I had spent my life running up credit cards and loans then getting interest-only mortgages to pay off the debt. I got to retirement age and still owed the bank £160,000. The term was about to expire, and I could not afford the payments on my pension anyway. I got £180,000 equity release and now I am more comfortable with no monthly repayments and I spent £20,000 on a new bathroom and kitchen. I now know I can stay in my home. Mortgages for 60 plus turned out well for me!

Mrs Shaw from Lancaster

I had an interest-only mortgage with Birmingham Midshires. The mortgage had come to the end of its term and they wanted the £127000 back I still owed them. My lifetime mortgage saved me from losing my home and the rate was close to what I paid before. An over 60s mortgage turned out well for me.

Mrs M from Birmingham

With no broker fees and no lender fees, I got an interest-only retirement mortgage which I pay each month from my private pension. The money released went to my daughter for her wedding and the deposit for her next house. She wanted a family, and her flat was too small.

William from London

I was told by my lawyer my inheritance tax bill would be around £250,000. I got a lifetime mortgage to give money to my son and daughter so they could buy bigger homes and we bought a house in the south of France for us all to use as a holiday home.

My understanding of Mortgages for over 60s saved me a lot of money and changed my life for the better.

Sandra from Manchester

I got equity release to give money to my daughter to buy a house. Without the money I borrowed, her buying a home would have been impossible. During my research, I found that mortgages for over 60s can be a very low rate.

Ms T from Hammersmith

My husband recently died leaving me with a mortgage I could not afford to pay. The lifetime mortgage allowed me to pay off the mortgage and have enough money left over for a new bathroom, kitchen, and roof repair. Mortgages for over 60s can be offered at very low rates.

Mr G from Kent

I got an interest-only lifetime mortgage and gave my sons £100,000 each so they could put a deposit down on a home. My money made it possible for them to get a very good mortgage deal, especially one son who is not well paid.

Aviva Lifetime mortgage for over 60
More2Life Flexi Choice Voluntary Payment Super Lite mortgage for over 60s
Stonehaven Interest Select Plan mortgage over 60
Nationwide older people Equity Release Schemes
HSBC mortgages for over 60
NatWest type of mortgage – Equity Release
Age Partnership mortgages for the over 60s
Aviva Flexible Voluntary Repayment Plan maximum age 105
Bridgewater mortgages for over 60’s
compare mortgages – Canada Life Equity Release
England and Wales Pure Retirement Classic Drawdown Lite Plan
Nationwide mortgages for 60 year olds
HSBC Interest Only Lifetime Mortgage age limits
TSB over 60 lifetime mortgage
Aviva Equity Release Plans upper age 88
Liverpool Victoria LV Equity Release Schemes
registered in england Pure Retirement Equity Release Plans
Stonehaven Equity Release Plan
NatWest Lifetime Mortgage later in life
Age Partnership Equity Release with retirement income
Just Retirement Equity Release Schemes
L&G Legal & General Flexi Max Voluntary Repayment Plan
Nationwide Equity Release Schemes for an older borrower
NatWest over 60 mortgage

More2Life Lifetime Mortgages

Crown Retirement Mortgages

What percentage can be released? – interest only mortgages for over 60s

50% mortgage at 60
45% loan to value lumpsum lifetime mortgages Stonehaven Mortgage
60% loan to value mortgages over 60
35% loan to value (LTV) lumpsum lifetime mortgages Shawbrook
25% loan to value (LTV) santander over 60 mortgage

The mortgage lender will want to know if the property is a Semi detached freehold house or a Leasehold house and if the resident is an Assured shorthold tenancy tenant.

Pitfalls of Home Reversion Schemes – over 60s mortgage

Lump-sum lifetime mortgages and mortgages for 60 plus can reduce the inheritance for your family. Monthly payment equity release may impact the ability to claim benefits. You may need to pay a legal fee and some products expose you to changes in interest rates.

Examples of retired small business owners likely to have equity to release or who could benefit from mortgages for over 60s

Manufacture of machinery for textile, apparel and leather production Sandwich
Manufacture of electrical and electronic equipment for motor vehicles and their engines Doncaster
Activities of insurance agents and brokers Quedgeley
Finishing of textiles Tottenham
Manufacture of watches and clocks Trowbridge
Maintenance and repair of motor vehicles Rugeley
Processing and preserving of fish, crustaceans and molluscs Horsham
Another retail sale of new goods in specialised stores, not commercial art galleries and opticians Ledbury
Precious metals production Ringwood
Retail sale of audio and video equipment in specialised stores Middlesbrough
Medical nursing home activities Thatcham
Agents involved in the transaction of fuels, ores, metals and industrial chemicals Accrington
Agents involved in the sale of machinery, industrial equipment, ships and aircraft Keighley
Other engineering activities Featherstone
Agents involved in the transaction of a variety of goods Hounslow
Wholesale of computers, computer peripheral equipment and software Royal Tunbridge Wells
Manufacture of ready-mixed concrete Lytchett Minster & Upton
Take-away food shops and mobile food stands Birchwood

Towns where equity release is popular – mortgages for 60 plus

Orford
Market Bosworth
Stamford
Minehead
Reading
Sidmouth
Gravesend
Budleigh Salterton
Brierley
Ashby Woulds
Hatherleigh
Grange-over-Sands
Brigg
Tenterden
Ventnor
Bawtry
North Hykeham
Dagenham
Portishead and North Weston

Mortgages for the over 60s

It’s usual to encounter people searching for lifetime mortgage with flexible drawdown cash release, lump sum lifetime mortgages or monthly payment equity release, however, mortgages for over 60s like Aegon are keen to see paperwork to show your situation in the form of bank statements.