Retirement Interest Only Mortgages

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Retirement Interest Only mortgages are regulated by the Financial Conduct Authority (FCA) and are designed for borrowers aged 55 or over.

If you want to continue living in your property and it is affordable, you may refinance under this product structure and pay interest for the lifetime of the mortgage.

The loan has no fixed end date and is repaid when the borrower dies, the property is sold, or the borrower moves into care.

These mortgages are particularly suited to those who do not want an Equity Release mortgage, where interest costs roll up.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

ALTERNATIVE ESTATES & FINANCIAL SERVICES LIMITED DOES NOT OFFER INVESTMENT ADVICE AND THAT SPECIALIST ADVICE SHOULD BE SOUGHT.

  • Think carefully before securing other debts against your property; your property may be repossessed if you do not keep up repayments on your mortgage. You will potentially pay more interest by consolidating if the loan is increased and the term is extended. Fees are only charged for Mortgages & Equity Release and not on other products. This firm usually charges a fee for Mortgage & Equity Release advice and the amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. A typical fee amount is £295 for mortgage advice and £895 for Equity Release advice which is payable upon completion. Alternative Estates & Financial Services Limited, registered in England & Wales at 7 New Union Street, Coventry, CV1 2HN. Registered in England and Wales under reference 2460707.

    Alternative Estates & Financial Services Limited is an Appointed Representative of PRIMIS Mortgage Network, a trading name of TenetLime Ltd. TenetLime Ltd is authorised and regulated by the Financial Conduct Authority (www.FCA.org.uk) under no. 311266. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

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