Over 50s Mortgages – You may be surprised what’s possible
Uncomplicated Mortgages for Later Life
- Specialists in over 50s mortgages
- Customer-focused support
- No upfront fees
See if you qualify in 60 seconds
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Mortgage Solutions for the Over 50s and Beyond
Securing a mortgage in later life can be a challenge, with fewer lenders willing to offer terms beyond a typical retirement age. That’s why you need to talk to a broker with the expertise in finding the right mortgage for people just like you.
At Creative Lending Solutions we understand older borrowers. We know what you are looking for and we know where to find it. With over 20 years of experience in a range of mortgage types, we’re confident of helping you obtain the lending you require, often when other brokers have been unable to.
With Creative Lending Solutions there’s no complex jargon. Just a warm and friendly service from specialists in mortgages for people over 50, with regular one-to-one calls to keep you informed every step of the way.
We offer a fixed-price service with free quotes and absolutely no upfront fees, whilst also being FCA regulated for your complete peace-of-mind. If you’re ready to be surprised by just how many mortgage deals could be available to you, then contact us now.
What types of mortgages can we help with?
As an older borrower there are multiple options available to you. The types of mortgages we can help with include:
Residential Mortgages
Purchase your first or next property, remortgage to a new lender for a number of objectives, or raise cash against the value of your mortgage free home.
Whatever your reason for requiring a mortgage in later life, we can help you achieve it.
Buy to Let Mortgages
If you’re an existing landlord or you wish to enter the BTL market, we’ll help find the right lender for you.
There are varying requirements in the later life BTL mortgage market, so speak with us today to learn more about how we can help.
Retirement Interest Only
A RIO mortgage is a loan secured against your property for which you will pay only the interest to the lender until you die or move into long term care.
Available up to 75% Loan to Value, speak with us to find out whether you qualify.
Why Creative Lending Solutions?
Specialist Advisers for Borrowers Over 50
Choosing Creative Lending Solutions to find your new mortgage means choosing a specialist in the later life lending market. We have a detailed knowledge of lenders that offer the type of mortgage you require, and our advisers will identify the best fit for your specific requirements. It only takes a couple of minutes to let us know what you’re searching for and get the ball rolling.
Clear, Honest Pricing
Our transparent pricing starts with your free, no obligation quote. You then won’t pay us a penny until completion. No completion, no fee – even if you change your mind. What’s more, the amount you do pay is fixed and clearly explained to you. There are no nasty surprises or unexpected costs when you choose Creative Lending Solutions.
Customer-centred Every Time
We value our customers at Creative Lending Solutions. That’s why when you come to us for a mortgage we’ll stay in touch with you every step of the way, keeping you updated with regular calls so you’re never in the dark about how your application is progressing. We’re only comfortable when you’re comfortable. So, relax and talk to us today.
About Creative Lending Solutions
Creative Lending Solutions is an independent mortgage brokerage based in Hampshire. We offer a nationwide broker service with access to an expansive panel of lenders, including well known high-street names and other more specialist providers.
We are regulated by the Financial Conduct Authority (FCA), which is your guarantee that all the work we carry out for you is fair and fully compliant within the law. The FCA regulation protects you and your money.
Later Life Mortgages FAQs
Am I too old to get a mortgage?
While it is certainly more complicated to obtain a mortgage as you get older, the likely answer to this question is ‘No’. We regularly find deals for applicants over the age of 80, and with mortgage terms that are longer than you might expect.
Does it matter where my income comes from?
All pension incomes are welcomed, including the State Pension, personal pensions, and drawdown pension funds such as SIPPs or investments. Earned income can be accepted beyond a typical retirement age, and certain benefit income may also be considered.
Are Interest Only mortgages still an option?
An Interest Only mortgage may be taken as an effective means of lowering your monthly payments in later life. It is important to remember that unless you make any overpayments of capital during the term of an Interest Only mortgage, the full balance will remain on in its expiry and you will need to have an acceptable means of repaying this at the end of the term. Alternatively, you may qualify for a Retirement Interest Only mortgage, with no need to repay the capital balance in your lifetime.
Can I get a later life mortgage with bad credit?
If you have had only minor issues with managing your credit commitments, then we can probably help you at most ages in obtaining a new mortgage. If you have had any more serious issues managing your credit, there will be better terms available if you are aged around 60 or under.