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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 and 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 35 years regardless of your age at the time you apply.

Our products are available on an interest only or repayment basis, at up to 60% 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
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





LTV Amount





Payment Terms





Variable rate

Product
Initial rate
Overall cost
for comparison
Max % LTV
Completion Fee
Mortgage Repayment
 
2 Year Discount Borrowing into Retirement
Representitive Example
2.79%
5.0% APRC
60%
£0
Product
2 Year Discount Borrowing into Retirement
Representitive Example
Initial rate
2.79%
Overall cost for comparison
5.0% APRC
Max% LTV
60%
Completion Fee
£0
Term Discount Borrowing Into Retirement
Representitive Example
3.09%
3.2% APRC
60%
£0
Product
Term Discount Borrowing Into Retirement
Representitive Example
Initial rate
3.09%
Overall cost for comparison
3.2% APRC
Max% LTV
60%
Completion Fee
£0

Fixed rate

Product
Initial rate
Overall cost
for comparison
Max % LTV
Completion Fee
Mortgage Repayment
 
3 Year Fixed Borrowing Into Retirement
Representitive Example
3.19%
4.9% APRC
60%
£0
Product
3 Year Fixed Borrowing Into Retirement
Representitive Example
Initial rate
3.19%
Overall cost for comparison
4.9% APRC
Max% LTV
60%
Completion Fee
£0