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Yes, it’s absolutely possible to get a mortgage if you’re over 60 in Beverley.
Many lenders now offer options designed to meet the unique needs of older applicants, including flexible term lengths and income assessments that take retirement income into account.
Whether you’re looking to remortgage, purchase a new home, or release equity, several options are available to help you achieve your property goals well into retirement.
For those over 60, mortgage choices can include traditional repayment mortgages, interest-only options, and specialist products like retirement interest-only (RIO) mortgages.
Equity release products, such as lifetime mortgages, may also be suitable for homeowners who wish to access funds tied up in their property.
Each of these options is tailored to provide financial flexibility and security, allowing you to choose the solution that best matches your future plans.
Seeking mortgage advice is essential for anyone over 60 looking to make the most of their property assets.
Our mortgage advisors in Beverley can help you navigate the specific requirements, explain the products suited to your age group, and identify lenders who are open to working with older borrowers.
From exploring suitable interest rates to ensuring repayment terms align with your retirement plans, expert guidance makes the process straightforward and secure.
People over 60 in Beverley have a range of mortgage options, including standard repayment mortgages, interest-only mortgages, and specialised products like retirement interest-only mortgages (RIO).
For those looking to access funds tied up in their property, equity release options like lifetime mortgages provide flexible ways to supplement retirement income without the need to sell your home.
Each option caters to different needs, making it possible to find a mortgage that supports your financial goals in retirement.
Yes, retirement income can often be considered as part of your mortgage affordability assessment.
Lenders commonly accept pension income, income from investments, and, in some cases, rental income to determine how much you can afford.
One of our experienced mortgage advisors in Beverley can help you understand which income sources are acceptable to lenders, helping to ensure that your mortgage fits comfortably within your retirement budget.
Age limits vary by lender, but many offer mortgages specifically designed for older borrowers.
Some lenders have upper age limits that may restrict how long a mortgage term can be, while others are more flexible, particularly with options like RIO mortgages or equity release.
Speaking with mortgage broker in Beverley like us can help you identify lenders that specialise in mortgages for seniors and find terms that align with your needs.
Mortgage terms for applicants over 60 generally range from 5 to 25 years, depending on the lender and the type of mortgage.
While some traditional mortgages may have shorter term limits, options like interest-only or retirement mortgages often allow for longer terms or flexible repayment arrangements.
Lenders will assess factors like affordability and age at the end of the mortgage term to determine what’s suitable.
Equity release in Beverley can be a beneficial option for homeowners over 60 looking to access the wealth tied up in their property.
By choosing a product like a lifetime mortgage, you can release funds to supplement your retirement income, cover major expenses, or support family, all without needing to move out of your home.
Equity release plans offer financial flexibility, though it’s wise to seek professional advice to understand how this may impact your estate and future finances.
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Hannah
I can't thank everyone enough for their help. They went above and beyond to make sure everything went smoothly - it would have been far more stressful had I not had their support. I'd recommend the company to anyone.
3 months ago
Anonymous
Yery good and professional.
4 months ago
Samuel
Helpful, responsive and friendly.
7 months ago
Sophie
Highly recommend! Chris talked me through everything and made sure I understood it all, great communication and a pleasure to deal with!
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Kerry
Absolutely fantastic from start to finish, would highly recommend 😀 5*
11 months ago
Anonymous
My advisor Leo provided the personal tour ch through the whole process and his communication was very good, even texting me at weekends with any updates on my mortgage progress.
1 year ago
Anete
During mortgage application process my mortgage advisor and case handler was communicating with me very often which for me as a first time buyer was very important. Always open for questions and super flexible with first initial mortgage...
1 year ago
Anonymous
From start to finish perfect, friendly, professional and everything made clear and easy, Matt and Lizzi have been absolutely superb and ALMOST got use to my 'colourful language' Many thanks for all your help. Cheers 🍻
1 year ago
David
We use Beverleymoneyman - Mortgage Brokers for all our mortgage and insurance needs. They never fail to deliver and apply professionalism combined with insightful advice to obtain the best possible deal. Thanks to Leo and Jo for their help and...
1 year ago
Neil
This is the second time we have used Beverleymoneyman and we are not disappointed. Daniel talked us through the options we had and was really good at answering our questions. Jo ensured our application progressed and kept us informed at each...
1 year ago
Barbara
These people saved my life during the most stressful house purchase ever. All sorts of things happened and when most of the professionals involved were impossible to get hold of, everyone at UK Moneyman was just amazing, kind, thoughtful and...
1 year ago
Nicole
Could not recommend Matt and Megan enough! Being a first time buyer, I did not know what the buying process would entail. Thankfully, Matt and Megan explained everything as we went along. Matt went above and beyond to answer my calls when we...
2 years ago
Liam
Really good service and friendly too
2 years ago
Angela
Very pleased with the the service. Dan was very helpful and explained everything as the process went along in a clear way. All options were looked to see which would be the best option for myself. This made doing the product transfer hassle free.
2 years ago
Darren
Anna was brilliant from first contact to the end of the process was just a few days and I didn’t have any stress at all Will definitely recommend
2 years ago
Chris
Brilliant service from start to finish, we had no idea on the process and every little question has been answered along the way no matter how trivial. We can’t thank Malcolm, Joe and Lyndsey enough for their help throughout this process and for...
2 years ago
Oliver
Wayne and Meghan were great and everything was sorted without issue or effort. Great advice and got the product I needed. Great service.
2 years ago
James
I first used UK Moneyman when buying my house in 2017. I returned in 2021 for my remortgage. In both instances I found Malcolm and his team to offer excellent service, making the process clear and simple. He talked me through every step, and...
2 years ago
Gemma
Very helpful and professional
2 years ago
Laura
Very helpful. Reply to emails quickly and clearly. Would definitely recommend
2 years ago
Book a free appointment to discuss your financial goals with a mortgage advisor. We’ll review your situation and outline the best options for borrowers over 60.
We’ll present mortgage options tailored to your needs, from retirement interest-only mortgages (RIO) to equity release, so you can make a confident decision.
Once you choose an option, we’ll handle the application, ensuring everything is accurate and keeping you informed throughout the process.
After approval, we’ll coordinate final steps with solicitors and the lender, ensuring a smooth and timely completion.
We offer a free mortgage appointment, giving you personalised guidance without any obligation.
Our advisors are here to understand your needs and help you explore the best mortgage options for over 60s in Beverley.
Our service is built around making the mortgage process as smooth and stress-free as possible.
With clear communication and expert advice, we’re committed to helping you find a mortgage that suits your unique circumstances.
We search through a wide range of lenders to find options tailored to your financial goals.
Whether you’re interested in interest-only or equity release, we’ll ensure you’re aware of every suitable choice.
We support you every step of the way, from your first appointment to the day your mortgage completes.
Our team manages the entire process for a seamless experience, keeping you informed at each stage.
For those over 60 looking to buy a home in Beverley, purchase mortgages offer flexible options designed with older borrowers in mind.
Lenders consider various income sources, including pensions, to ensure your mortgage is manageable and suits your financial plans.
If you’re over 60 and already own a property, remortgaging can be an effective way to secure a better rate, consolidate debt, or access funds for other needs.
Remortgages tailored for seniors allow you to make the most of your property’s equity while keeping monthly payments manageable.
Equity release options, like lifetime mortgages, provide those over 60 with access to the equity in their home without needing to sell.
This can be ideal if you’re looking to supplement your retirement income or fund significant expenses while remaining in your property.
Bad credit doesn’t necessarily prevent you from securing a mortgage over 60 in Beverley.
Specialist lenders offer options that consider your full financial situation, allowing those with a less-than-perfect credit history to still access mortgage solutions that support their financial goals.
Retirement mortgages, including retirement interest-only products, are specifically designed for those over 60 who wish to use retirement income to fund their mortgage.
These options provide flexibility, with terms that often accommodate changing financial needs in retirement.
For retirement mortgage products, it is always worth getting mortgage advice in Beverley first and speaking with an expert.
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Beverleymoneyman.com & Beverleymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Beverleymoneyman.com & Beverleymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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