Myths about mortgages in retirement – debunked

Times have changed! At Perenna, we are breaking down the barriers to borrowing in later life. Let us tackle the common myths and show you how we make mortgages work for you.

Myth 1: You can’t get a mortgage after 60.

Myth debunked: You can.

Many believe age limits stop you from borrowing, but that is not true. At Perenna, we don’t have age caps. Whatever your age, you still have options. Take back your borrowing power!

Myth 2: Mortgages in retirement are too risky.

Myth debunked: With the right mortgage, they are not.

At Perenna, we offer fixed monthly payments that will not change for up to 40 years. That means:

• No surprises.

• No stress.

• Total predictability.

You can plan your retirement with confidence, knowing your mortgage fits your budget and your life.

Myth 3: Equity release is the only option.

Myth debunked: There are alternatives.

Flexible mortgages, like those from Perenna, let you access funds without reducing the value of your home. Want to free up cash, renovate, or stay in the home you love? We have got you covered. More options = more control.

Myth 4: You can’t get a mortgage with pension income

Myth debunked: You can.

Although some lenders will ignore pension income, Perenna is different. In fact, a long-term fixed rate mortgage can be the perfect match for pension income which is also fixed for the long term.

Why Perenna?

We have designed our mortgages to work for you, not against you:

• No age limits mean more borrowing power at any stage of life.

• Predictable payments allow you to plan with confidence.

• Short early repayment charges provide flexibility when you need it.

Ready to explore your options? Use our calculator to see how much you could borrow and estimate your monthly payments. Or speak to a mortgage broker for expert advice.

Discover how you can make retirement work for you here.

You could lose your home if you don’t keep up your mortgage repayments.

Correct at time of publishing.