Borrowing Into Retirement
Mortgages for changing lifestyles
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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.

The Building Societies Association has published a guide entitled ‘Can I get a mortgage at my age?’ which you may find useful and you can find the answers to some questions you may have here.

Try our mortgage calculator

How much can I borrow?

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.

Gross annual income


Mortgage details


Payment options

Your monthly repayments

Range dependent on the products in the comparison list below

Mortgages for Into Retirement

Variable Rate Mortgages
Product Initial rate Overall cost for
Max % LTV Completion fee Representative

3 Year Discount

3.14% 4.7% APRC 60% £0 View
for 36 months
find out more

Representative example

A Mortgage of  £148,215.00, payable over 9 years and 2 months (110 months) initially on a discounted rate for 3 years (36 months) of 3.14% and then on our current standard variable rate of 5.34% for the remaining 6 years and 2 months (74 months) would require 36 monthly payments of £387.83 then 74 monthly payments of £659.56. This is based on an interest-only repayment method. The total amount payable would be £211,886.75 made up of the loan amount plus interest (£63,156.75) and a £260.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.7% representative APRC.

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: