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A retirement interest-only mortgage in London is a borrowing option for older homeowners who want to release equity while keeping monthly repayments low.
Unlike a traditional mortgage, you only pay the interest each month, with the full balance repaid when the property is sold.
This can be a great way to stay in your home while managing your finances in later life.
Speaking with a mortgage broker in London like us can help you understand if this could be the right choice for you.
If you’re over a certain age and can prove that you can cover the interest payments, you may be eligible for a retirement interest-only mortgage in London.
Lenders will assess your pension income or other sources of funds to ensure you can manage the repayments.
They will also consider the value of your property, as the loan is repaid through its sale.
If you’d like to explore your options, our mortgage advisors in London are here to help.
To qualify for a retirement interest-only mortgage in London, you’ll need to meet the lender’s age and income requirements.
Your ability to maintain the monthly interest payments will be assessed, along with how much equity you have in your home.
Lenders will also consider your long-term financial stability.
If you’re looking for mortgage advice in London, our team can help you find the best route forward.
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Charlie helped guide me through the process and answered all my questions. Would highly recommend London money man to everyone!
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Ryan at London Moneyman made moving home with my mortgage easier. Thank you, 5 stars service.
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I was nervous buying my first home but londonmoneyman were fab! Thank you for helping me 🙏
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A+ service. communication was brilliant, helped me find a mortgage. Will definitely be back!
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thank you chloe for help with my mortgage iwill be back next time.
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Very useful and efficient service. Thank you london money man!
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Josie
Dinah and the team at London money man were super helpful with a remortgage on our family home. They got us through the process quickly and found me a much better deal than we were on. Thank you again, we'll be back in touch for our next...
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Jeb
Great service from Kayleigh & Leo! Made it easy and stress free, thank you both for finding me a suitable product. I would not have got through this without their help.
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Helped me and my partner on our remortgage. Molly was friendly and polite on the phoen and helped us throughout the process. Would reccomend 👍
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Leoand Kayleigh were great during my process. He made everything stressfree for me as a first time buyer. Would definitely recommend to others going through the same process as it helped a lot. Thank you..Marina
7 months ago
James
Thank you Londonmoneyman. From my free mortgage appointment to completion I was kept in the loop. Jason was great and would definitely recommend.
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Ruby
Tom and Louise were so helpful throughout the whole process. As First Time Buyers we were almost scared to start looking for a home but the team at Londonmoneyman put us at ease and now we have a lovely new home. Thanks for everything!
7 months ago
John
Amazing service from start to finish. Charlie, Megan and the application team were very helpful throughout, to help with any queries, and kept me up to date with the process at every stage. Couldn't recommend them enough!
2 years ago
A retirement interest-only mortgage in London allows you to make monthly payments that cover only the interest on your loan.
The full amount you borrow will be repaid when you sell your home, move into long-term care, or pass away.
This option helps keep repayments lower while giving you the flexibility to remain in your home.
With a retirement interest-only mortgage in London, you make regular interest payments, ensuring the balance remains the same.
In contrast, equity release, such as a lifetime mortgage, doesn’t require payments, but interest builds up over time.
Deciding between the two depends on your personal circumstances, and a mortgage broker in London can help you explore both options.
Lenders base your borrowing amount on factors such as your income, property value, and overall financial position.
They will assess your pension or other sources of income to ensure you can afford the repayments.
A mortgage advisor in London can help you understand how much you may be able to borrow.
Yes, lenders typically require you to have a substantial amount of equity in your home.
This ensures that the loan can be repaid when the property is eventually sold.
Each lender has different criteria, so working with a mortgage broker in London can help you find a suitable lender for your situation.
Speak with a mortgage advisor in London to explore whether a retirement interest-only mortgage in London is the right fit for you.
We’ll search through a wide range of lenders to find a mortgage deal that matches your financial needs.
Once you’ve chosen the right mortgage, we’ll handle the application to make the process as smooth as possible.
With everything finalised, your mortgage is secured, giving you greater financial flexibility in retirement.
With over two decades of industry knowledge, we’ve helped many homeowners secure a retirement interest-only mortgage in London.
Our expertise means we can find the right mortgage to suit your needs.
We have access to a wide range of mortgage products, including specialist deals tailored for later life lending.
Whatever your circumstances, we’ll search for the best option for you.
From your first enquiry to securing your mortgage, we’ll handle everything for you.
We take care of the details, making the process stress-free and easy to understand.
We’re available every day to provide mortgage advice in London, working around your schedule.
Whether you prefer weekdays or weekends, we’re here when you need
If you find yourself struggling with repayments, it’s important to speak with your lender as soon as possible.
In some cases, they may be able to offer solutions to help manage the situation.
If repayments become unmanageable long-term, selling the property may be necessary.
Seeking mortgage advice in London can help you explore your options before this happens.
Yes, many lenders offer retirement interest-only mortgages in London for joint applicants.
Both applicants will need to meet the lender’s age and income requirements.
The mortgage will usually remain in place until the last surviving borrower either moves into long-term care or passes away, at which point the home is sold to repay the loan.
Lenders will usually focus more on your income and ability to afford the repayments rather than your credit history. However, some may still take your credit score into account.
If you have concerns about your credit history, a mortgage broker in London like us can help find lenders who may be more flexible with their criteria.
In many cases, lenders will allow you to transfer your mortgage to a new property, as long as it meets their criteria. This is known as porting.
If you’re considering moving home, speaking with a mortgage advisor in London can help you understand your options.
Once the borrower passes away, the home is typically sold to repay the remaining mortgage balance.
If the mortgage was taken out by a couple, it will continue for the surviving borrower until they either move into care or pass away.
Any remaining equity after repayment will be passed to your beneficiaries.
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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Londonmoneyman 2025.
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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Londonmoneyman 2025.
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