Premier Mortgage Associates
Mortgages | Protection | Insurance
Securing your future, one mortgage at a time
Mortgages for over 50's
As the UK continues to age, borrowing into later stages of life is becoming more and more demanding. People are working for longer to keep up their desired lifestyle and with on going cost of living rises, clients are lending into retirement.
People still have the old mindset of not being able to secure a mortgage as you get near retirement, but with many lenders now changing their lending criteria, let us help you today.
Capital Repayment mortgage
Many lenders now let you take a capital repayment mortgage until aged 80+, as long as you meet the criteria and pass their affordability checks.
We can help you with:
- Remortgaging / Moving home
- Purchases
- Bad credit & Debt consolidation
Over 50 and looking for advice? Get in touch
Think carefully before securing other debts against your home. Consolidating debt may reduce your outgoings now, but you may end up paying more overall.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Interest-only mortgages
For the right client, an interest only mortgage might be suitable.
With an interest only mortgage product, you’ll make monthly payments that will consist of purely interest, no capital will be repaid during the term.
At the end of the interest only mortgage term, you’ll be asked to repay the full loan amount back as a lump sum, you’ll need the funds available to do this.
If you are considering getting an interest only mortgage, it’s important to seek trusted advice from a reputable mortgage broker as there are lots of considerations.
Due to the higher risk involved, not all mortgage lenders have interest only mortgage deals available, and those that do have strict criteria to meet along with more vigorous underwriting.
Usually, the characteristics of an interest only mortgage borrower is they are a high earner, often with a large pension pot, a good credit score, has various investments/assets, and has a large deposit to put down as security.
Get in touch with us now to chat with our friendly team of experts!
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Regulatory Information
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Premier Mortgage Associates usually charges a fee for mortgage advice, typically £395, however, the amount of the fee will depend upon your needs and circumstances. This will be discussed and agreed with you at the earliest opportunity.
The advice fee is payable upon the application stage of your journey and is non-refundable.
Premier Mortgage Associates Limited is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority Place of Registration: England & Wales. Registered office: 14, Penny Court, Ringwood, Hampshire BH24 1JH. Registration number: 15146348.
The guidance contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Premier Mortgage Associates Limited | Mortgage experts, proudly serving Hampshire & Dorset
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