Mortgages made easy
for later life lending

For the past few years the most common option was to use a product called Equity Release. Certain companies sell these products to people of senior age, to enable them to release equity. This is repaid with the interest costs and fees that have accumulated over the years and can be high in comparison to a normal high street mortgage. This is usually done by the sale of the property. This is unpopular with other members of the family, that feel they have missed out on the inheritance of their parent’s property.

However, there are new lenders on to the market now, that will allow mature clients to take out interest only mortgages for long terms. These are at preferential rates compared to Equity Release. Also, you can repay the mortgage in the usual way, by either selling and downsizing or using another investment for example. You still retain the ownership of your property.

JBSP products are designed to enable family members to help support each other with affordability when applying for a mortgage.

• Enables one or two borrowers (who will own and occupy the property) and up to two other family members to support the borrower(s) by using up to four incomes for affordability.

• Suitable for family members helping both younger borrowers achieve their home owning aspirations, and also suitable for family members helping older borrowers.

• Supporting family members will be listed on the mortgage but will not own the property.

The maximum LTV is 90% for Owner Occupier and 75% for Buy to Let.

Yes, it is possible. There are lenders that have mortgages with long terms for buy to let product and don’t require minimum incomes, designed for retired customers.

No. I am totally independent. I research the whole of the markets with the sole purpose of finding my clients the best possible options. I present my research and explain to you, to ensure you have a full understanding. My aim is to enable you to make the choices that your are most comfortable with.