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MORTGAGES.... EVEN IN RETIREMENT Some things change as you get older, but your need for a home to call your own doesn't

Residential mortgages… even in retirement

Some things change as you get older, but your need for a home to call your own doesn’t.

The good news is that, whatever your age, you can apply for a mortgage at Leek United – even if you’re no longer working.

That’s because, unlike a lot of banks and building societies, there is no upper age limit on Leek United residential mortgages, either at the time you apply or the time the mortgage is due to end.

As long as you have a non-conditional and permanent right to reside in the UK, and your actual or anticipated income in retirement is sufficient to make the repayments, our knowledgeable team will assess your application on its merits – not on your age!

The maximum amount you can borrow depends on your age at the end of the mortgage term:

  • If you will be 67 or under at the end of the mortgage term, you can apply for a loan of up to 95% loan to value (LTV) ( 95% of the value of the property).
  • If you are currently under 67, but will be over 67 when the mortgage term ends, you can apply for a mortgage of up to 80% LTV (80% of the value of the property).
  • If you are already aged over 67, you can apply for a mortgage of up to 70% LTV (70% of the value of the property).

As the friendlier face of finance, we’re committed to making life as simple as possible for our customers, whether you’re 18 or 80.

Call us today to make an appointment for free personal advice or pop into your local branch.

Call us on 0808 169 6680

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE