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Mortgage for Over 50s in Durham

Being over the age of 50 doesn’t stop you getting a mortgage!

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Mortgage for Over 50s in Durham

Explore your options with various mortgages for over 50s.

0191 303 9786

What would you like help with today?

UK residents only.

Do you live in the property?

What best describes your current employment status?

How long have you been self-employed?

Which age bracket does the youngest applicant fall into?

Which age bracket does the youngest applicant fall into?

Please tell us more about what you are looking to achieve

Please provide as much detail as possible below

Are you an existing buy to let property owner?

Where are you in the property purchase journey right now?

Do you have at least a 25% deposit available?

Will the property be bought through a limited company?

Is the limited company already set up?

Which type of insurance are you looking to take out?

Select as many options as you like

Please tell us what age bracket you fall into?

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This will help us provide you with the most suitable insurance advice.

How can we help?

Tell us a bit about your situation and what you’d like help with.

What best describes the property?

Please tell us about your current situation and why it's complicated

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Where are you in the property purchase journey right now?

How would you describe your credit history?

Do you have at least a 15% deposit?

What best describes your current employment status?

How long have you been self-employed?

Which age bracket does the youngest applicant fall into?

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Can I get a mortgage if I'm aged over 50 in Durham?

Individuals aged over 50 often wonder if they can still qualify for a mortgage. As a mortgage broker in Durham, here are the key areas where we can help:

  • Remortgage
  • Property Purchase
  • Capital Raising
  • Complex Situations

By working with a dedicated mortgage advisor in Durham, you can access expert guidance for your circumstances.

Mortgage for Over 50s in Durham

The Types of Mortgages for Over 50s in Durham

If you’re over 50 and live in Durham, you can explore five primary mortgage options, either individually or jointly:

  • Capital Repayment Mortgages
  • Interest-Only Mortgages
  • Hybrid Mortgages
  • Retirement Interest Only Mortgages (RIOs)
  • Equity Release Mortgages

Our expert mortgage advisor, are here to guide you through these options with expert mortgage advice in Durham tailored to your situation.

What is the maximum age when getting a mortgage over 50 in Durham?

The age limit for completing a mortgage typically ranges from 70 to 85 years.

This means individuals over 50 can still access a wide variety of mortgage options, provided they meet the lender’s affordability standards.

As an experienced mortgage broker in Durham, we can guide you through the process and offer tailored mortgage advice in Durham for your unique situation.

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Important information

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 £995.

You should always think carefully before securing a loan against your property.

A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.

Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.

Mortgages for Over 50s FAQs

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Our Simple Mortgage Process

Free Initial Mortgage Appointment

Free Initial Mortgage Appointment

Step 1

We begin with a free initial mortgage appointment in Durham, offering professional guidance to help you navigate your options. Whether you’re considering traditional mortgages, equity release, or other later-life lending solutions, our mortgage advisors in Durham are here to support you.

Alternatives to Later Life Lending

Alternatives to Later Life Lending

Step 2

Later-life lending isn’t always the only option. For clients in Durham, we carefully assess alternatives such as using savings, downsizing, or family financial arrangements. Our mortgage brokers in Durham ensure that you’re aware of all possibilities before making a decision.

Discuss With Family / Trusted Parties

Discuss With Family / Trusted Parties

Step 3

We encourage open conversations with family or trusted individuals about your financial choices. Our team of mortgage advisors in Durham can help facilitate discussions to ensure all parties are informed and comfortable with your plans.

Tailored Lifetime Mortgage Recommendation

Tailored Lifetime Mortgage Recommendation

Step 4

If a lifetime mortgage is the most suitable path, we’ll provide a tailored recommendation. As a professional mortgage broker in Durham, our focus is on finding the solution that best supports your financial future.

Why choose us for mortgage advice in Durham?

Free Initial Mortgage Appointment

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Book a free initial mortgage appointment in Durham and let us help you explore your options. Whether you’re buying your first home or looking for a specialist mortgage, our mortgage brokers in Durham are here to provide expert guidance.

Search 1000s of Deals

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We search thousands of mortgage products to find the most suitable option for you. With access to a wide panel of lenders, our mortgage advisors in Durham are well-equipped to secure a deal that aligns with your goals.

Our Service

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Our team in Durham is committed to providing outstanding service. We guide you through every step of the process, offering clear and reliable mortgage advice. As a trusted mortgage broker in Durham, we strive to make the journey as stress-free as possible.

7 days a Week

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We understand how busy life can get, which is why we’re available 7 days a week. Our flexible appointment times mean you can speak with a mortgage advisor in Durham at a time that works best for you.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of Mortgage Deals in Durham

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The Types of Mortgages for Over 50s in Durham

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Durhammoneyman 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.

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