Remortgaging Your Home in Retirement
Many homeowners look to remortgage in retirement, and there are lots of reasons you might choose to do so.
You can release equity to cover a purchase or home improvements and reduce your interest rates to lower your monthly outgoings.
If you are already retired or approaching retirement age, it is essential to consult an experienced broker to ensure you apply to the right lenders, offering the most competitive rates.
Contact the mortgage brokers team for more information on 0330 304 3040, or via email at [email protected].
Can I Remortgage if I am Retired?
Yes, you can - although a high street lender might have more complicated eligibility requirements. The challenge is that you are less likely to be earning a stable salary, and will usually have a lower annual income.
Many mainstream lenders consider retired applicants higher risk. However, Revolution Brokers works with a network of respected lenders who specialise in later-life remortgages, for applicants up to 65, 75, or higher.
Age restrictions depend on the lender, with some providers considering your age on the application and others your age at the end of the mortgage term.
Most high street lenders are reluctant to lend to applicants who will be older than 70-85 at the end of the mortgage period.
If you have been unable to remortgage through your lender, or want to compare rates available from specialist later-life lenders, give Revolution a call on 0330 304 3040.
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2023-05-09 
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