Obtaining a mortgage in retirement is possible. If you’re already retired, we’ll consider you for a mortgage with a maximum loan-to-value (LTV) of 70%. You can discuss your options with one of our advisors by calling 0800 880 7435.

Repaying your mortgage with a pension is possible. Here at Furness Building Society, we have a team of experienced mortgage underwriters who understand the stability of pension incomes. For this reason, we’re able to consider mortgages for older borrowers, as long as you can afford the mortgage repayments and have a proven income. This can be either from your job, a private or occupational pension or sometimes a combination of both.

Here at Furness, we don’t have specific ‘retirement mortgages’. Instead, older borrowers have access to our full range of new mortgage products. This means that the interest rates available to you would depend on how long you need the loan for, your loan-to-value (LTV) and whether you’d like an interest-only or repayment mortgage. 

You can compare our mortgage rates online here or call 0800 880 7435 to book an appointment with an advisor, who’ll work with you to find a product that suits your needs.

We don’t have a strict maximum age for mortgages, as each case is unique. Our mortgage terms start at two years and borrowers must be able to repay their mortgage by age 80. So, under the right circumstances, you could potentially be eligible for a mortgage up to the age of 78. However, it’s important to remember that your eligibility is subject to a thorough assessment of your finances and credit history, to ensure you can realistically afford the monthly payments.