FAQ's

Yes, many lenders now offer mortgage options for borrowers well into their 60s, 70s, and even 80s. Your eligibility will depend on factors like income, pension provision, loan purpose, and repayment strategy. At Drummonds Finance Group, we work with lenders who specialise in later-life lending.

Most high street lenders allow mortgages to run until age 70 to 75, but some specialist providers will go up to age 80 or even 90, especially if the mortgage is affordable through pension income or assets. In some cases, there’s no upper age limit at all, depending on the product.

Options include: Standard residential mortgages (repayment or interest-only) Retirement interest-only (RIO) mortgages Equity release or lifetime mortgages Buy to let mortgages We’ll help you understand the pros and cons of each and recommend the most suitable solution.

Yes, pension income is widely accepted by lenders. This includes private pensions, annuities, state pension, and in some cases, drawdown arrangements. We can guide you on how to evidence your income for mortgage affordability assessments.

Absolutely. Many people remortgage after retirement to reduce monthly payments, release equity, consolidate debt, or switch to a better deal. We’ll review your options and help ensure the product aligns with your retirement plans.

A RIO mortgage is designed for older borrowers and typically has no fixed end date. You pay only the interest each month, and the loan is repaid when you pass away or move into long-term care. It can be a flexible and affordable way to borrow later in life.

That depends on the lender and mortgage type. Some require full repayment by a set age (e.g. 75), while others allow lending into later life as long as you meet the criteria. If you're using a RIO or equity release mortgage, repayment is usually delayed until the property is sold.

Yes, many retired clients are still eligible for mortgages, especially if they have a steady pension income or substantial assets. We regularly help clients in their 60s and 70s secure mortgages even without employment income.

Equity release is regulated by the FCA and, when done properly, can be a safe way to access money tied up in your home. We only recommend products from providers that meet the Equity Release Council standards. However, it’s essential to get advice tailored to your full financial picture.

We specialise in helping older borrowers secure the right mortgage, whether you're downsizing, remortgaging, releasing equity, or purchasing a new home. We’ll guide you through every step, explain your options clearly, and match you with lenders who understand that age doesn’t define affordability.