It is now common practice for mortgage borrowers to take longer term loans long into retirement. Historically, banks and building societies would not allow this, but times have most certainly changed. Many lenders will now offer mortgages into retirement and their decision is based on affordability.
We don’t offer Equity Release advice as these mortgages allow interest to roll up over many years meaning equity in the property diminishes.
Instead we offer expert advice on later life mortgages and can also expertly discuss interest only mortgages to keep the monthly payment low.