Mortgages for Pensioners

Can Pensioners Get a Mortgage? Yes, you can. Despite common misconceptions, obtaining a mortgage as a pensioner is not an insurmountable task. There are several reasons why you might require property finance in your later years. These could include: While the pool of lenders for retirees or those nearing retirement may be less extensive, securing […]

Who are the Big Players? When it comes to the UK mortgage market, certain names are bound to come up more frequently than others. These are the “Big Six” lenders: Rank Lender Lending (£bn) (2021) Market Share (2021) 1 Lloyds Banking Group 55.9 18.1% 2 Natwest Group 36.1 11.7% 3 Nationwide Building Society 35.4 11.5% […]

How Does Age Affect Mortgage Eligibility? Age is often viewed as a major barrier when it comes to mortgage eligibility. It’s an accepted fact that as you age, you may pose a higher risk to lenders, making it more challenging to secure a loan. Why is that so? Two main reasons: a potential decline in […]

What is a Retirement Mortgage Calculator? A retirement mortgage calculator is a tool designed to estimate the mortgage amount that you could potentially borrow for in retirement. But why is this tool important? Mortgages can be tricky, especially when you’re planning for or are already in your retirement years. Factors like your age, income, equity […]