Mortgages for Over 80s
Being in your 80s does not mean you cannot access mortgage finance.
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What happens next
- Fill in the form (2 minutes).
- We'll match you with the right specialist for your situation.
- A specialist independent broker will contact you to discuss your options.
Important: Equity release is a long-term commitment and will reduce the value of your estate. It may affect entitlement to means-tested benefits. Independent financial and legal advice is required. The specialist brokers we work with source plans from Equity Release Council approved lenders. Your home may be repossessed if you do not maintain required payments on a secured loan.
About Mortgages for Over 80s
LiveMore Capital lends to any age with no maximum. Equity release LTV at 80 is among the highest of any age group - typically 45-52%+ of property value. We introduce you to specialists who arrange mortgages and equity release for 80+ borrowers. The right product depends on income, health, and what you need the money for.
The options available
Lifetime Mortgage at 80
The primary mortgage product at 80 for clients without regular income or who do not want monthly payments. Equity release LTV is at its highest at 80+ - typically 45-52%+ of property value. No monthly payments required. Enhanced plans for health conditions release even more.
LiveMore at 80
LiveMore Capital lends to any age with no maximum. For clients in their 80s with pension income who can service monthly interest payments, a RIO or standard interest-only from LiveMore is available.
Enhanced Equity Release at 80
Health conditions that may be more common in the 80s - heart disease, diabetes, COPD, reduced mobility - can qualify for enhanced lifetime mortgage plans from Just, More2Life, and Aviva. More money released for qualifying health conditions.
Interest-Only at 80
Standard interest-only mortgages at 80 are available from LiveMore Capital. Monthly interest payments on pension income. Capital repaid from eventual property sale. Specialist lender assessment of 80+ income required.
Drawdown Equity Release at 80
At 80, a drawdown lifetime mortgage provides a large initial draw alongside a reserve facility for future expenses - care costs, home adaptations, family support. Interest only on amounts drawn.
Remortgage at 80
Remortgaging at 80 - from a mainstream lender declining to extend, from a maturing interest-only term, or to a better rate. LiveMore Capital specialises in these remortgage situations at any age.
How It Works
80+ specialist assessment
Health, income (if any), property value, what the money is for, and inheritance priorities. At 80, the health assessment for enhanced equity release is particularly important - it can significantly increase the available amount.
Equity release vs RIO decision
If income can service monthly payments, LiveMore RIO preserves equity. If not, equity release from Aviva, Legal & General, Just, or More2Life provides capital without payment pressure. A specialist adviser can model both.
Lender sourcing
LiveMore Capital for income-based products. Major equity release lenders for lifetime mortgage. The specialist can compare options across lenders.
Completion
The specialist supports you through to completion. For equity release, independent legal advice is required and arranged alongside the application.
Speak to our later life lending specialists
Call 0204 6211776 · Introductions to later life lending specialists
Frequently asked questions
Can an 85-year-old get a mortgage?
Yes - LiveMore Capital lends to any age. Equity release is available to any age over 55. At 85, equity release LTV is approximately 50-55%+ of property value. There is no upper age limit for lifetime mortgages with ERC-approved lenders. The specialists we introduce arrange finance for borrowers in their mid-to-late 80s.
How much can I release from equity release at 82?
At 82, equity release LTV typically reaches 48-53% of property value depending on the lender. A £250,000 property at 82 might release approximately £120,000-£132,000+ on a standard plan. Enhanced plans for qualifying health conditions release more. The specialist you are introduced to can obtain live illustrations for your specific age and property.
Do I need a solicitor to get equity release at 80?
Yes - independent legal advice from a solicitor is required for all equity release transactions, regardless of age. The solicitor confirms that you understand the implications of the plan you are taking. The specialist adviser you are introduced to works alongside your solicitor and can suggest specialist equity release solicitors if needed.
What happens to my lifetime mortgage if I move into care?
Moving into long-term care triggers the repayment event. The property is sold, the outstanding loan (capital plus accrued interest) is repaid to the lender, and any remaining proceeds go to your estate. If both borrowers are on the plan, the repayment event is triggered when the last borrower moves into care.
Can I still get equity release if my property has a mortgage on it?
Yes - equity release can be used to repay an existing mortgage, with the remaining equity release proceeds available to you. The equity release lender pays off the existing mortgage as part of the transaction. The net amount you receive is the total equity release amount minus the existing mortgage balance.