Borrowing into retirement
At The Loughborough, we understand that lifestyles have changed and with them financial needs.
Our Borrowing into Retirement mortgages have been specifically designed for older borrowers who are in or nearing retirement or need a mortgage term that will take them beyond the age of 80. We have no upper age limit which means you can take a mortgage for up to 25 years regardless of your age at the time you apply.
Our products are available on an interest only or repayment basis, at up to 70% loan to value (LTV) for purchase or re-mortgage of property in mainland England and Wales. We'll even consider using the mortgaged property as a way of repaying the loan at the end of the term should you choose to take the mortgage on an interest only basis.
Try our mortgage calculator
How much can I borrow and what would it cost?
Our mortgage calculator is designed to show you how much you could potentially borrow and how much your monthly payments would be. The amount is based solely on your income without deducting household expenses and financial commitments. Your mortgage adviser will take you through the application process and will calculate the amount you can afford to borrow based on your income after the deduction of those expenses and commitments. Further restrictions may apply for specialist products.
Mortgages for Into Retirement
We currently have no mortgages that match your requirements
Please check your values in the calculator or get in touch with our mortgage team below.
How to apply...
The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.
There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you: