Mortgages for Over 70s
Getting a mortgage at 70 or over is entirely possible with specialist later life lenders.
About Mortgages for Over 70s
The product landscape is different from earlier life - mainstream bank mortgages become rarer, specialist lenders and RIO mortgages take centre stage, and equity release LTV rises with age. Our experienced team specialises in finding the right solution for 70s borrowers across all these product types.
The options we compare
RIO at 70
The Retirement Interest Only mortgage is available to borrowers in their 70s from specialist lenders including LiveMore Capital, Hodge Bank (to age 88 at application), Legal & General Home Finance, and others. Interest-only for life - capital repaid from property sale.
Specialist Mortgage at 70
LiveMore Capital has no maximum age limit and lends on pension income. Hodge lends to age 88 at application. Suffolk Building Society and Family Building Society also extend to later ages. A standard repayment or interest-only mortgage is possible at 70 with the right specialist lender.
Lifetime Mortgage at 70
At 70, equity release LTV rises to approximately 35-42% of property value. More money available than at 60 or 65. Enhanced plans for health conditions release more. Drawdown plans provide ongoing income supplement.
Remortgage at 70
Remortgaging when a mainstream lender's maximum age is reached. LiveMore and Hodge specialise in taking on these cases - converting interest-only to RIO, or providing a new term on pension income.
Property Purchase at 70
Buying a new property in your 70s - retirement cottage, move closer to family, or a more suitable ground-floor property. Specialist purchase mortgages on pension income available.
Release Equity at 70
At 70, equity release offers more than at younger ages. Whether for income supplementation, gifting to family, home adaptation, or clearing debts - equity release at 70 provides tax-free capital with no monthly repayments required.
How We Help
70s-specific assessment
At 70, the primary assessment factors are income (pension in payment, State Pension, drawdown, annuity), property value, health (for enhanced equity release), and inheritance priorities. We establish all of these in the initial call.
RIO vs equity release comparison
This comparison is the most important decision for most 70s borrowers. If monthly payments are affordable, RIO preserves more equity. If they're not, equity release provides capital without payment pressure. We model both.
Specialist lender sourcing
LiveMore Capital, Hodge, Legal & General, Just, Canada Life, Aviva, More2Life - we access all of these for 70s borrowers.
Completion
We manage the application through to completion with your single point of contact throughout.
Speak to our later life lending specialists
Call 0204 6211776 · Whole-of-market advice across all later life products
Frequently asked questions
Can I get a mortgage at 75?
Yes - specialist lenders including LiveMore Capital (no maximum age), Hodge Bank (up to 88 at application), and Suffolk Building Society are all accessible at 75. Retirement Interest Only mortgages from these lenders are the primary route. A standard repayment mortgage is also available if income supports the monthly payment.
How much can I release with equity release at 72?
At 72, typical equity release LTV is approximately 38-42% of property value depending on the lender. On a £250,000 property, this suggests approximately £95,000-£105,000 available from a standard plan. Enhanced plans for health conditions can offer more. We obtain live illustrations from all relevant lenders.
What income do lenders accept at 70?
LiveMore Capital accepts the widest range at 70+: State Pension, defined benefit pensions in payment, defined contribution drawdown (at sustainable withdrawal rate), annuity income, rental income, SIPP withdrawals, and investment portfolio drawdown. We advise which lender best accommodates your specific income structure.
What is the maximum term for a mortgage at 70?
With LiveMore Capital (no maximum end age): a 20-year mortgage at 70 ending at 90 is possible if affordable. Hodge lends to 88 at application - allowing a 18-year mortgage at 70. For borrowers at 70 who want interest-only with no fixed end date, a RIO from any of these lenders has no term limit at all.
Can two people in their 70s get a joint mortgage?
Yes - joint applications where both borrowers are in their 70s are considered by specialist later life lenders. The age of the younger borrower at application is typically the primary age reference, and affordability is assessed on combined income.