Later Life Lending

Lending into Retirement – Tailored Mortgage Solutions for Later Life

Securing mortgage finance in retirement requires careful planning to ensure long-term affordability and stability. Whether you're looking to release equity, purchase a new home, or restructure existing borrowing, specialist lenders offer solutions designed for borrowers in later life.

At MSP Financial Solutions, we provide expert guidance on mortgage products suited to those approaching or already in retirement, ensuring your financial plans remain sustainable.

Key Considerations for Lending into Retirement

Lenders assess later-life mortgage applications differently from standard home loans. Key factors include:

  • Affordability – Income sources such as pensions, savings, investments, and rental income.

  • Loan term – Some lenders offer extended terms, while others may limit borrowing beyond a certain age.

  • Repayment structure – Options include capital repayment, interest-only, or equity release products.

  • Inheritance & estate planning – Understanding how borrowing may impact future financial arrangements.

We work with whole-of-market lenders to secure mortgage solutions that align with your retirement goals.

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Types of Lending Solutions for Retirement

Standard Residential Mortgages for Older Borrowers

Some lenders offer traditional mortgages with extended terms beyond normal retirement age, allowing borrowers to purchase or refinance their home while making standard monthly repayments.

Asset Based Lending

There are a few lenders that can use liquid assets (SIPPs, private pensions, investments, savings, etc.) to produce an assumed income, either based on the mortgage term or a percentage of the asset value. This can be a useful tool for clients with low income in retirement, but have the assets to support a larger mortgage.

Buy-to-Let Mortgages for Retired Landlords

For retirees with investment properties, tailored buy-to-let mortgages ensure continued rental income, providing financial security in later life.

Retirement Interest-Only (RIO) Mortgages

RIO mortgages allow borrowers to make monthly interest payments, keeping costs manageable while preserving capital in the property. The loan is repaid when the property is sold, or the borrower moves into long-term care.

Equity Release & Lifetime Mortgages

For homeowners looking to unlock cash from their property without selling, equity release options provide tax-free funds while retaining property ownership. These products require careful planning to ensure they align with financial and estate considerations.

We can refer you over to an expert Equity release adviser either for a point of comparison, or if this product is most suitable for you.

Equity release may involve a lifetime mortgage which is secured against your property or a home reversion plan which requires the sale of property for a discounted price. To understand the features and risks, ask for a personalised illustration. You only continue to own your own home with a lifetime mortgage.

Equity release may impact the size of your estate and it could affect your entitlement to current and future means-tested benefits.

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How MSP Financial Solutions Can Help

We simplify the process of securing finance into retirement by providing:

  • Access to specialist lenders who understand later-life borrowing needs.

  • Tailored mortgage solutions that align with income and financial goals.

  • Expert advice on repayment strategies, contacts that can help with inheritance planning, and affordability.

Whether you're looking to borrow in retirement for homeownership, investment, or financial flexibility, we ensure you make informed decisions with confidence.

What our clients have to say

  • Donny from MSP was superb at helping me.

    Donny from MSP was superb at helping me get my initial mortgage as a first time buyer. He spent time guiding me through the process and answering all of my questions.

    When it came time to remortgage I knew I was in safe hands with Donny. He helped explain all the range of different options available and their respective pros and cons. Most importantly though, he helped me to lock in the best rate a few months prior to my remortgage date. With subsequent market movements it was great to have piece of mind that we had locked in early.

    I would have no hesitation in using Donny and MSP Financial again! Thanks again Donny!

  • I’ve always been impressed

    Chris Sykes at MSP Financial has handled all my mortgages over the years, and I’ve always been impressed by his professionalism and attention to detail. He doesn’t just find a deal and leave it there, he keeps an eye on things and always lets me know if there’s a rate drop or a better option available. Where other brokers might miss those opportunities, Chris makes sure I never do. He’s clear, thorough, and genuinely has your best interests at heart. Absolutely worth the fee for the level of service and peace of mind he provides.