Mortgages into later life
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Mortgages for over 50s and retired borrowers
We don't have a maximum age limit on any of our products but if you have clients who are 50+ we have a range of products especially tailored for borrowing into later life. We offer terms from 5 to 40 years, use a specialist retirement ONS calculator, have 6 different interest only options to choose from and we'll consider employed and self employed (non manual) income up to age 75.
Later Life 2.25% 2 Year Discount Rate 75% LTV
- VARIABLE RATE of 5.24% with a discount of 2.99% for 2 years from completion, then reverting to 3.50% (Ipswich SVR minus 1.74%) for 36 months then changing to Ipswich Standard Variable Rate (currently 5.24%)
- 4.1% APRC
- For purchase and remortgage up to 75% LTV
- Exclusively for borrowers aged 50 or over
11122, 67174
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £500 | £199 | Purchase: based on property valuation. Remortgage: FREE (properties +£1m not permitted) | - | £35 | £750k |
Unlimited fee-free overpayments
No early repayment charge
For remortgage only: fee assisted legals
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Later Life 2.50% 2 Year Fixed Rate 75% LTV
- FIXED RATE of 2.50% until 30/09/2022 then reverting to 3.50% (Ipswich SVR minus 1.74%) until 31/12/2025 then changing to Ipswich Standard Variable Rate (currently 5.24%)
- 4.2% APRC
- For purchase and remortgage up to 75% LTV
- Exclusively for borrowers aged 50 or over
15225, 72317
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £500 | £199 | Purchase: based on property valuation. Remortgage: FREE (properties +£1m not permitted) | - | £35 | £750k |
No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 30/09/2022
Overpayment of 50% or above - Early repayment charge is 3% of the overpayment
Redemption - Early repayment charge is 3% of the original loan amount
For remortgage only: fee assisted legals
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Later Life 2.80% 5 Year Fixed Rate 75% LTV
- FIXED RATE of 2.80% until 5 years from completion date, then changing to Ipswich Standard Variable Rate (currently 5.24%)
- 4.2% APRC
- For purchase and remortgage up to 75% LTV
- Exclusively for borrowers aged 50 or over
15226, 72318
| Completion Fee | Application Fee (Payable with application and non-refundable) | Valuation Fee (Payable with application) | Higher Lending Charge | CHAPS (Fee for transfer of funds to solicitor) | Maximum Loan Amount |
|---|---|---|---|---|---|
| £500 | £199 | Purchase: based on property valuation. Remortgage: FREE (properties +£1m not permitted) | £35 | £750k |
No charge for overpayments of up to 50% of original loan amount
Early repayment charge period ends 5 years from completion date
Overpayment of 50% or above - Early repayment charge is 5% of the overpayment
Redemption - Early repayment charge is 5% of the original loan amount
Remortgage only: fee assisted legals
To apply, please speak to one of our expert Mortgage Consultants, based in Ipswich, on 0330 123 0773 - we're happy to discuss your application over the telephone or, if you'd prefer, we can arrange to meet with you at one of our 9 branches across Suffolk.
In the meantime, you may find it useful to look at our mortgage calculator to get an idea of what your monthly payment may be.
To apply for this product visit our Apply and Track section, or give our intermediary sales team a call on 0330 123 1073.
Click here to view our handy guide to later life and RIO mortgages.
