Later life mortgages

Retired or approaching retirement? Unlike the big banks we can offer generous mortgage terms beyond the age of 60.

The mortgage will be secured on your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

What is a later life mortgage?

At Family Building Society we don’t turn down people because of their age. We treat our older borrowers the same as our younger ones.

Our standard range of Owner Occupier mortgage products are available to later life borrowers. We also offer a later life specialist mortgage, our Retirement Interest-Only mortgage. 

We don’t believe in a ‘one size fits all’ approach to mortgage lending and actively look for ways to help when other mortgage lenders are unable to.


Case study

Warwick tells the story of the struggles he and his wife Lynda had in getting a new mortgage close to his retirement, and how we were able to help them.

Why choose Family Building Society?

We don't judge people by their age

We have been providing mortgages to those aged 60 or over for many years on both Interest-Only and repayment mortgages.

Generous mortgage terms for older borrowers

  • Owner Occupier Repayment mortgages – up to a maximum age of 95 at the end of the term.
  • Owner Occupier Interest-Only and Buy to Let mortgages – up to a maximum age of 89 when the loan commences.


We'll take income into account

  • We'll accept earned income to age 70.
  • We'll accept non-earned income from a variety of sources such as fixed pensions, pension pots, investment and rental income. 


Our mortgage products

Whatever your situation we offer a range of fixed and discounted rate mortgages, suitable for remortgage or purchase on both an Interest-Only and repayment basis

Retirement Interest-Only (RIO) mortgage

Our RIO mortgage is an Interest-Only mortgage that don't have a specific end date. They are designed for those over aged 55 who are looking to stay in their home and avoid downsizing.

Mortgage Calculators

We have a range of mortgage calculators that can give you a good idea of how much you can borrow and how much your repayments might be.

Ready to apply for a later life mortgage?

Contact our expert UK team

New enquiries

Savings - 03330 140141

Mortgages - 03330 140140

Existing customers

Savings - 03330 140144

Mortgages - 03330 140146

...or ask the way that suits you.

Request a call back

We can call you back at a time that suits you.

Visit us in branch

Ashley Square, Epsom, Surrey, KT18 5DD.

View our FAQs

Your questions might be answered here.