Making mortgages for over 60s possible

You may have thought that your options approaching retirement were limited. With some lenders they are! And that may mean you’re not able to borrow what you need.  

But for Perenna, age is but a number. We want to give you more options in later life. It’s time to take back your borrowing power, whatever your age.  

Over 60 and looking for a mortgage? We may be able to help.  

Taking back your borrowing power  

Forget traditional restrictions; our approach lets you secure a mortgage that can suit your needs, no matter your age!  

Predictable payments  

With Perenna, you will never have to worry about your payments going up.  

If you want to know what you’ll pay each month, our long-term fixed rate mortgages could be a great option. We allow you to fix your rate for up to 40 years, meaning you can plan your future with confidence and financial peace of mind. 

Flexibility as standard  

We get it. Fixing your rate for up to 40 years is a long time. You don’t know how your life will look in that time. And that’s why we’ve made sure our mortgage products come with flexibility as standard.  

We want to make sure our mortgage can fit around your life.  And if rates come down and you’d like to change your deal, or make unlimited overpayments, that’s absolutely fine. You can do so without charge after five years. 

Looking to keep payments down?  

If lower payments are a priority, we can offer interest-only options. This allows you to borrow against your home but only pay back the interest each month. Remember, the original amount borrowed is still due at the end of the agreed term. For those people looking for an option in later life, there’s retirement interest-only (RIO) products too.  

Why choose a RIO mortgage? 

A RIO mortgage could be the right choice if you want to: 

• Lower monthly payments: Paying just the interest keeps costs down.  

• Stay in your home: No need to move or downsize. You can access funds without leaving the place you love. 

• Gain financial freedom: Access the value of your home to cover things that matter, like retirement, home upgrades, or paying off debt. 

• Refinance with ease: Simplifies refinancing as you approach the end of your current mortgage term. 

How Perenna can help 

At Perenna, we offer flexible retirement mortgage options with long-term fixed rates to give you peace of mind. Our mortgages include: 

• No age limit: Whether you are 60 or 80, we do not apply age limits to our products. 

• Predictable, fixed payments: With a long term fixed-rate mortgage you will know your payments will not change during the whole mortgage term. This can help you to budget removing worries about increasing payments. 

• Short early repayment charges: We understand that life can change. That is why we offer short early repayment charges if you need to adjust your terms. 

Explore your options today 

If you are thinking about a mortgage after 60? Choose a lender who understands you! At Perenna, we offer flexible terms and to help you make the most of your retirement. 

Use our mortgage calculator to see how much we could lend you and get an idea of your monthly payments. It is quick and easy!

If you’d like some mortgage advice, that’s no problem. We can help
find a mortgage broker.  

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

Correct at time of publishing.