Over 55 later life lending to pay for a new home

If you would like to move house, but are too old for a conventional mortgage, over 55 equity release could help

When your children leave home, your current property may no longer fit your lifestyle or health needs. Alternatively, you may find with your newfound time that you want to buy a second property abroad, to relax in later life.

If you’re too old for a conventional mortgage or need an additional boost to your finances to help you secure a property that better suits your needs, equity release may be able to help.

A later life lending plan, such as a Lifetime Mortgage, Home Reversion or Retirement Interest Only mortgage (RIO), can enable homeowners over 55 to use the value of their current home to help finance the purchase of a new one.

Over 55 later life lending to pay for a new home

If you would like to move house, but are too old for a conventional mortgage, over 55 equity release could help

If you’re too old for a conventional mortgage or need an additional boost to your finances to help you secure a property that better suits your needs, equity release may be able to help.

How equity release can help

Over 55 equity release can support your new house dreams:

If you’d like to find out more about how our tax-free equity release products can support buying a new or second house, book an initial, no-obligation consultation to speak to one of our specialist advisers today.

“55Plus was referred to me by a financial planner when I was looking to move from Kent to Scotland and wanted an equity release mortgage to buy a new property. I tend to do quite a lot of research into things and check different resources before settling on any one company; I opted to go with 55Plus as I felt they were honest, upfront and explained things clearly.

We met our adviser several times during the process. They came across very well; they were pleasant and listened properly to what I was saying and came back to me with solutions. They gave me honest advice and were always acting in my best interests. Everything was gone through thoroughly and they made sure I understood all stages of the process.

Importantly, they were also tenacious. Some of the financial services people needed prodding to keep things moving; our 55Plus adviser kept up the pressure on my behalf to get everything done as quickly as possible.”

Nigel Edwards

Successful over 55 equity release mortgage applicants

St Andrews, Scotland

Over 55 later life lending to pay for a new home

If you would like to move house, but are too old for a conventional mortgage, over 55 equity release could help

Over 55 later life lending to pay for a new home

How equity release can help

Over 55 equity release can support your new house dreams:

Nigel Edwards

How much could you borrow?