We regularly speak to clients in Liverpool who are looking for ways to borrow during retirement, whether they’re moving home, switching mortgage deals or unlocking equity from their property.

Many assume that mortgages are only available to those in full-time work, but that’s not the case. There are specific retirement mortgage options in Liverpool designed for homeowners who have finished working but still want or need to borrow.

From standard mortgages to age 50+ products and equity release solutions, there’s often more flexibility than people expect.

Can I get a mortgage after I retire in Liverpool?

Yes, it can still be possible get a mortgage in retirement in Liverpool. While lenders take a different approach when you’re no longer working, there are products available that are designed to support retired homeowners.

Instead of looking at salary, lenders will assess your income from pensions, savings, or investments. They’ll also take into account your age, the length of the mortgage term, and whether the repayments are affordable for your situation.

Whether you’re planning to stay in your current home, move somewhere new, or release money from your property, there are mortgage options that may suit your needs. Some are built specifically for retirement, while others are standard products available to older applicants.

As a mortgage broker in Liverpool, we’ll talk through your plans and help you find a mortgage that works for you.

What are my retirement mortgage options in Liverpool?

There are several mortgage options available in retirement, depending on your income, property, and what you want to achieve.

Standard Repayment Mortgage

Some retired homeowners continue to qualify for standard repayment mortgages, particularly if their pension income is stable and the term is realistic for their age.

Retirement Interest-Only Mortgages

Retirement interest-only mortgages in Liverpool are a popular choice. These allow you to pay interest each month, with the loan repaid when the property is sold or you move into long-term care. This can help keep monthly costs down while still giving you access to borrowing in later life.

Lifetime Mortgages

Lifetime mortgages in Liverpool are another common option. These let you release equity from your home without making monthly repayments. The interest is added to the loan and paid off when the property is sold, usually after you pass away or move out permanently.

Drawdown Lifetime Mortgages

Some lenders also offer drawdown lifetime mortgages, which let you release smaller amounts of equity over time rather than in one lump sum. This gives more control over how and when you access the funds.

Specialist Options

In certain cases, there may also be short-term or specialist lending options for retired applicants, particularly where there’s investment income or a plan to repay using assets.

Each of these products has its own structure and suitability depending on your plans. As a mortgage broker in Liverpool, we’ll help you explore the right route based on your circumstances.

How do lenders assess retirement income?

Lenders take a practical and flexible approach when assessing mortgage applications during retirement. Instead of employment income, they look at what you receive through pensions and other long-term sources.

This might include income from the state pension, private or workplace pensions, savings, annuities or rental properties. If you receive income from more than one source, lenders may take a combined view, provided it’s regular and reliable.

They will also consider your age at the time of application and how long the mortgage is expected to run. If you’re looking at a retirement interest-only mortgage or a lifetime mortgage, the assessment will be based on how those products are structured.

As a mortgage broker in Liverpool, we’ll guide you through the process and help present your income clearly so lenders can understand your full financial picture.

Can I remortgage my home in retirement?

Yes, it’s often possible to remortgage your home during retirement. Many retired homeowners in Liverpool look to remortgage for a range of reasons.

Some want to secure a better rate, reduce their monthly outgoings, or move onto a product that’s better suited to life after work. Others remortgage to release some equity from their property to help with living costs, home improvements, or family support.

As with any mortgage, lenders will look at your income and how the repayments will be managed. Pension income, savings, or other reliable sources can all be used as part of the affordability check.

If you’re switching from a repayment mortgage to an interest-only or age 50+ product, the assessment process may be slightly different.

Retirement Mortgage Advice in Liverpool

If you’re thinking of taking out a retirement mortgage in Liverpool, there are more options than you might expect. Whether you’re looking to remortgage, move home, or release equity, the right product will depend on your income, age, and long-term plans.

As a mortgage broker in Liverpool, we help retired homeowners explore their options and find a solution that works. Our team will explain how each product fits and support you through the process from start to finish.

Date Last Edited: June 6, 2025