It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
Yes, you can get a retirement mortgage in Liverpool, and there are a few different types designed to suit those in or approaching retirement. Retirement mortgages are typically geared towards people over the age of 55, and they come in a few variations, such as lifetime mortgages and retirement interest-only (RIO) mortgages. There are several popular scenarios for why you would need a retirement mortgage, these can include:
Both options allow you to remain in your home while providing flexibility with your finances during retirement. It’s essential to consider the long-term implications on your estate and possible inheritance when choosing these products, so speaking with a mortgage advisor in Liverpool who specialises in later-life mortgages is recommended.
Speaking with a later life mortgage advisor in Liverpool is highly beneficial when exploring retirement mortgage options. These advisors specialise in products designed for people over 55 and can provide tailored advice to ensure you choose the right solution for your needs.
Everyone’s retirement financial situation is different, and a later life advisor can assess your individual circumstances, including income, future plans, and family considerations, to recommend the most suitable mortgage option. Whether you’re looking to lower monthly payments or release equity, we can help you find the right fit.
By working with a later life mortgage broker in Liverpool, you can make informed decisions that provide financial flexibility in retirement while protecting your long-term interests.
It is possible to buy a house after retirement. Many lenders offer mortgage products tailored specifically for retirees, such as retirement interest-only mortgage in Liverpool or lifetime mortgages.
As long as you can demonstrate your ability to make repayments, typically using pension income or other sources, you should be able to secure a mortgage.
Lenders may assess your affordability and look into your financial stability, even if you’re no longer earning a salary.
While there is no set age limit for getting a mortgage, lenders do have their own restrictions.
Most standard mortgages tend to have a maximum age limit of around 70 to 75 years at the end of the mortgage term.
However, products like retirement interest-only mortgages and lifetime mortgages are often available for those aged 55 and over, with some lenders willing to extend terms even for those in their 80s or 90s.
Yes, it’s possible to repay debts using a mortgage after retirement.
This is often done through equity release or remortgaging your property. With equity release, you can borrow money against the value of your home without making monthly repayments, and the funds can be used to clear existing debts.
Alternatively, a retirement interest-only mortgage might be used to consolidate debts, with monthly interest payments and the capital repaid when the property is sold.
Equity release in Liverpool is a way for homeowners aged 55 and over to unlock some of the value in their property without needing to move out. There are two main types of equity release:
Equity release can help provide additional funds for retirement, but it will reduce the value of your estate and can affect your inheritance.
Our Customers Love Us
4.98 Rating248 Reviews
Anonymous
Very patient crew although we showered them with a lot of questions and frequently asked for updates
1 month ago
Ryan
Would highly recommend done all the leg work thank you Charlie/Jo and the ukmoneyman team
1 month ago
Nicholas
Really good and very helpful
2 months ago
Agnes
Johnathan went above and beyond to help me especially in the last few weeks of the process. I would highly recommend Liverpoolmoneyman-Mortgage Brokers, he definitely went the extra mile for me . Thank you Johnathan.
2 months ago
Marie
From start to completion a most positive experience. The initial advice from Dan and his courteous manner and patience throughout our dealings was exceptional. We were kept informed at every stage of proceedings by himself and Jonathan which...
2 months ago
Jake
Very impressed with the service from Jason! Always there to answer any questions and went above and beyond what we expected! Broke down all the details and technical information to a very easy to understand level, and made the process very simple....
3 months ago
Rebecca
Would highly recommend and would definitely use again! Chris was so helpful with all of our (many questions) and made us feel at ease through the whole process!
3 months ago
Zac
Matt and the team were super attentive throughout, guided me and provided great advice. Very easy to converse with and always ready to help
4 months ago
Paula
Daniel was very helpful. Explained things clearly and new mortgage sorted quickly.
4 months ago
Emma
Amazing. Was really nervous as a FTB but Wayne and Stacey were great and made the whole process really easy. Absolutely recommend.
5 months ago
Nerys
Highly recommend Liverpoolmoneyman , made the mortgage application a smooth process from beginning through to completion. Answered queries, phone calls and emails , and explained every step of the process. A special thank you to Dan who supported...
5 months ago
Nerys
Brilliant experience , highly recommend Liverpoolmoneyman if you are looking to remortgage or seeking advice with no applied pressure.A special thank you to Dan and Jonathan for making our mortgage application go through with ease , they supported...
5 months ago
Clare
Matt our Mortgage Advisor has been super helpful! Me and my partner are First Time Buyers and the help and support Matt and his Team have given us has been fantastic. They are also super responsive! Not only have we secured a mortgage...
6 months ago
Meg
Charlie and the team were fantastic at organising our mortgage, and so quick! He was on hand over WhatsApp to answer any questions we had and kept us updated all the way. Would highly recommend.
6 months ago
Rebekah
Everyone has been super helpful. Matt has been amazing with everything and has really helped us with everything we have needed.
6 months ago
Marc
Jason and the team have been so helpful through the process, answered all questions I had and kept me informed through the whole process. Highly recommend you won’t be disappointed.
7 months ago
Anonymous
When dealing with Liverpool Moneyman their agent Jonathan has been most helpful, polite and a pleasure to deal with.I would recommend them for any mortgage related transactions.
7 months ago
Dominic
Excellent service and communication throughout the whole processes
8 months ago
Vivienne
Absolutely excellent! Matt Collinson and Lizzi Roscoe were great! They helped us secure a mortgage in just a few days and were very supportive throughout the process! Can't recommend them enough
8 months ago
Benjamin
10/10 service. The team at moneyman, specifically Charlie and Stacey, provided great support and communication throughout the whole process. The team constantly kept in touch and were patient with my questions and circumstances. Also, the team...
8 months ago
Start with a free chat to discuss your needs and get personalised advice on your mortgage options.
While equity release and lifetime mortgages remain viable options, we consider them as last-resort solutions.
Knowing the significance of later life mortgages, we strongly encourage you to involve your family members or other trusted individuals in our discussions.
Our knowledgeable later life mortgage advisors in Liverpool will direct you to the appropriate services that can further assist you in devising your plans.
We offer a free appointment in Liverpool, giving you the chance to discuss your mortgage needs with a qualified mortgage advisor at no cost.
This meeting allows you to explore your options in detail, ask any questions, and get tailored advice without any obligation.
With access to thousands of mortgage products, we can find the perfect match for your unique circumstances.
Whether you’re looking for a standard mortgage, a retirement option, or something more specialised, our extensive search capabilities ensure you get the best possible deal tailored to your needs.
Our service is dedicated to making your mortgage journey as smooth and stress-free as possible.
From initial advice to final completion, we handle all the details, providing clear communication and expert support every step of the way.
We’re here to support you every day of the week, offering flexible appointment times that fit around your schedule.
Whether you need advice on a weekday or weekend, our team is available to provide the guidance you need when it’s most convenient for you.
A standard residential mortgage is the most common type of mortgage for purchasing a home.
It involves monthly repayments of both interest and capital over a set term, usually between 25 to 35 years.
By the end of the term, the mortgage is fully repaid, and you own the property outright. Lenders assess your ability to repay based on factors like income, credit history, and affordability.
A RIO mortgage is designed for homeowners aged 55 and over.
With an RIO mortgage, you only pay monthly interest throughout the term, while the original loan amount is repaid when you sell the property, move into long-term care, or pass away.
This option can be attractive because it offers lower monthly payments compared to a standard repayment mortgage, while still allowing you to stay in your home.
A TIO mortgage works by requiring you to pay only the interest on the loan for a set period (the “term”), typically 5 to 10 years or longer, while the capital remains unchanged.
At the end of the term, the full loan balance must be repaid in a lump sum, either by selling the property or through other means.
This mortgage type is often used for investment purposes or when the borrower expects to have access to funds to repay the capital at the end of the term.
An equity release mortgage in Liverpool allows homeowners aged 55 and over to unlock the value of their property while still living in it.
The most common type is a lifetime mortgage, where you borrow money against your home and the loan, plus interest is repaid when the house is sold (usually after you pass away or move into care).
Equity release provides tax-free cash for use in retirement but reduces the value of your estate.
Before releasing equity from your home, it is important to get mortgage advice in Liverpool and speak with a professional to make sure that it is the right solution for you.
Read our 248 Reviews
Liverpoolmoneyman.com & Liverpoolmoneyman 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
Contact
Follow Us
Liverpoolmoneyman.com & Liverpoolmoneyman 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
Speak to an Advisor – It’s free!
7 Days a Week, 8am – 10pm
