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A retirement mortgage is designed for those aged over 50+ who are either approaching retirement or already retired and seeking flexible lending options.
These mortgages cater to a range of needs, such as purchasing a new home, releasing equity, or restructuring finances to manage retirement comfortably.
Many retirement mortgages allow borrowers to make interest-only payments or combine repayment with interest, giving greater control over monthly costs.
If you’re considering retirement mortgages, speaking with a specialist mortgage broker in Cambridge like ourselves can help you explore suitable options tailored to your circumstances.
Eligibility for retirement mortgages typically depends on age, income, and future financial stability.
Lenders often assess factors such as pension income, savings, and other assets to ensure affordability.
Those aged over 50+ may qualify for tailored solutions that align with retirement plans, offering flexible terms and repayment strategies.
A mortgage advisor in Cambridge can help navigate the criteria and match you with lenders experienced in this area, whether you’re remortgaging or buying a property.
The amount you can borrow depends on your income, property value, and lender policies.
Lenders may consider pension income, investments, or rental income when determining affordability.
Some retirement mortgages also allow borrowers to release equity tied up in their home, providing a lump sum or flexible drawdowns.
With the help of a mortgage broker like ourselves, ensures you receive tailored mortgage advice in Cambridge that considers your specific goals and financial situation.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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4.83 Rating6 Reviews
Angela
Very helpful and very friendly would highly recommend very happy with the service
1 month ago
Angela
I found Cambridge money man so helpful would recommend highly and so friendly
1 month ago
Jessica
Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
6 months ago
Anonymous
Great service, very efficient.
3 years ago
Anonymous
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
8 months ago
Steven
Great service. Would definitely recommend to people struggling to get a mortgage. Cambridgemoneyman, a huge thank you from us
5 years ago
Eamonn
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the most suitable mortgage on the...
2 years ago
Bailey
Massive thank you to Malcolm and the team at Cambridgemoneyman. We were very impressed with the level of service we received. As first time buyers, we were thrilled with the mortgage rate that got recommended for our circumstances, and we will...
5 years ago
Our first conversation gives us a chance to understand your unique situation, including your financial goals, income, and retirement plans. During this chat, we’ll answer any questions you may have and explain how the retirement mortgage process works, ensuring you feel confident moving forward.
Once we have an understanding of your needs, we’ll explore all the available mortgage options tailored to your circumstances. Your mortgage advisor in Cambridge will assess various products, such as Retirement Interest-Only (RIO) mortgages, equity release or standard residential mortgages, to find the most suitable option for you.
After selecting the most suitable mortgage option, we’ll guide you through the application process. We’ll assist with gathering all the necessary documents, such as proof of income and identification, and submit the application to the lender on your behalf.
Once your application is approved and all legal work is completed, it’s time for the final step: completion. The lender will release the funds, and if you’re purchasing a new property, you’ll receive the keys to your new home. If it’s a remortgage or equity release, the funds will be transferred to you.
We offer a free initial mortgage appointment, giving you the opportunity to discuss your financial situation and goals with a knowledgeable advisor. This initial chat is designed to understand your needs and explore the most suitable mortgage options for you, with no obligation to proceed. Our aim is to provide clarity and guide you through the available choices from the very start.
With access to 1000s of mortgage products from a wide range of lenders, we’re equipped to find the right deal for you. Whether you’re looking for a retirement mortgage, an interest-only option, or equity release, our extensive panel ensures we can compare the most suitable options tailored to your circumstances, helping you secure a mortgage that meets your specific needs.
Our service is built around providing personalised and straightforward mortgage advice in Cambridge. From the initial chat to mortgage completion, we work closely with you every step of the way. Our dedicated team handle the paperwork, liaise with lenders, and keep you informed, making the process as smooth and stress-free as possible.
We understand that life doesn’t always fit into a 9-to-5 schedule, which is why our team is available 7 days a week. Whether you need mortgage advice in Cambridge in the evening or over the weekend, we’re here to accommodate your busy lifestyle, offering flexibility and support whenever you need it.
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Cambridgemoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Cambridgemoneyman 2025.
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Cambridgemoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Cambridgemoneyman 2025.
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