How much could you borrow with a Retirement Interest Only Mortgage?

A Retirement Interest Only Mortgage is available to people over 55 and is a loan secured against the value of your home. With our Retirement Interest Only Mortgage calculator, you can find out how much you could be eligible to borrow in just a few minutes.
 
Please make sure you click on information buttons in the calculator to understand what amounts you need to include.

Retirement Interest Only Mortgage affordability calculator

Our affordability calculator will give you an idea of the amount you could borrow. Please make sure you complete the calculator as thoroughly as possible for an accurate result.

Once you've had a calculation, you'll need to speak to an Adviser, who can talk to you about your circumstances and complete a full Decision in Principle. This will provide you with the exact amount that can be borrowed; it's subject to the information you provided plus the results of a credit reference check. Applications are subject to our standard lending criteria, status and financial standing.

The calculator gives an estimate of the potential amount you could borrow but is not a guarantee of lending. Additional calculations and evidence will be required to fully assess how much you can afford to pay. This may reduce the amount we would be prepared to lend.

Think carefully before securing a loan against your home. As a last resort, your home may be repossessed if you don't keep up with payments.

Required information for each applicant

  • Your property value

  • Your desired loan amount

  • Dependants and retirement age

  • Employment and other income

  • Pension details

  • Monthly payments

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Call us to find out if a Retirement Interest Only Mortgage is for you

To speak with us about your options, call the number below.

For any other enquiries please get in touch via our contact us page

0121 221 2612

Monday to Sunday 8:30am - 8:00pm
We may record and monitor calls.

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  • Monthly Council Tax Payment;
  • Annual salary (average of the last 2 years profits/earnings for self-employed);
  • Annual guaranteed bonus, overtime and commission;
  • Income from investments such as buy to lets (average over the last 2 years);
  • Pension pot value for Self-Invested Personal Pension, Defined Contribution or Personal Pension;
  • Annual State Pension;
  • Annual Defined Benefit or Annuity (please advise if the Annuity Pension is escalating or not);
  • Any spousal benefits connected to all private pensions;
  • Details of whether your pensions are currently being taken, or to be taken in the future
  • Any monthly credit commitments & committed expenditure (no need to include normal household bills) for individuals and joint.

Next steps

Take a look at all our later life mortgages

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