Later Life Mortgage

There are many reasons why someone in or approaching retirement may be looking for a new mortgage. We created our Later Life Mortgages proposition to help people in retirement get a mortgage without hassle.

Why Choose Us

Our Later Life Mortgages are tailored for those looking to borrow in and approaching retirement, offering benefits including:

  • Access to all interest only and repayment products in our portfolio
  • Ability to use income, including retirement income, up to age 80
  • Borrow up to 80% of the value of your new home (subject to product and policy terms)
  • Free, no obligation advice from our team of qualified mortgage advisers
  • A free standard valuation on properties up to £500k on selected products
  • Fee assisted mortgage products with a choice of cashback
  • 10% overpayments per annum
  • £499 monthly overpayment allowance on all products

Personal Service

Our Later Life Mortgages promise you a dedicated point of contact throughout the entire process. You will have access to your own personal mortgage advisor that will be able to answer any questions you may have.

Individual Care

We review each mortgage application on a case by case basis. You can rest assured your mortgage application will be processed by a member of our expert team and never by a computer. Our team works alongside your personal mortgage advisor so that your application is considered alongside your personal situation.

Home Insurance

SmartQuote is an easy and fast way to get a Home Insurance* quote. Answer five simple questions and SmartQuote does the rest. By using publicly available data sources, SmartQuote gives us all the information we need to give you a quote on the spot.

Am I Eligible For A Later Life Mortgage?

You can apply for a Later Life Mortgage with us if;

  • You are currently retired however are in receipt of a guaranteed pension, whether state, private or otherwise
  • You will retire before you have repaid your mortgage
  • You intend to work beyond anticipated state retirement age – we can consider those on an individual basis
  • Your mortgage will be repaid on or before 80 years of age   

Mortgage Calculators

Want to know how much you may be able to lend? Our easy-to-use mortgage affordability calculator will help you get an idea of how much you could borrow by answering a few simple questions. You can also find out what your monthly repayments may be with our handy repayment calculator.

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

Apply for a mortgage today

Talk to our mortgage advisers


Calls to 03 numbers, cost the same as a call to a standard ‘01’ or ‘02’ landline number, even when calling from a mobile. Contact your provider for more information.

*Buildings and contents insurance is arranged by Newcastle Building Society and underwritten by Fairmead Insurance Limited (renamed from Legal & General Insurance Limited), part of the Liverpool Victoria General Insurance Group.  To get a quote and apply online you will be transferred to their website.  Their terms and conditions and cookie policy may differ from Newcastle Building Society’s so please read them carefully.