later life lending
Do you have clients who were turned down by high street lenders simply because of their age?
At Family Building Society, we treat our older borrowers the same as our younger ones. We don't believe in a 'one size fits' all approach and make sensible lending decisions, especially for those in or approaching retirement. Tell us your clients' story and see what we have to offer - you may be surprised!
Use our affordability calculator to see how much your client may be able to borrow, or our criteria checker to see our levels of acceptance and flexibility.
we're flexible
We don't judge people by their age. In fact, we specialise in dealing with the grey! We have a personal approach to lending and will always take the time to listen to those not served well by the mass market. No case is too complicated.
- No credit scoring
- Manual underwriting
- A common sense approach
- Flexible criteria.
generous terms
We provide mortgages to those aged 60 or over on both Interest-Only and repayment mortgages with no special conditions - our standard lending criteria applies! We offer gererous mortgage terms:
- Owner Occupier Repayment – up to a maximum age of 95 at the end of the term
- Owner Occupier Interest-Only and Buy to Let – up to a maximum age of 89 when the loan commences.
income accepted
We can take into account an array of different income sources including:
- Earned income up to age of 70, or 75 if a non-manual role
- Up to 90% of pension pots and investments (split over the mortgage term)
- Fixed pensions
- Limited Company director's salary/dividends
- Rental income.
joint borrower sole proprietor
Our Joint Borrower Sole Proprietor arrangement allows older borrowers to help their younger family members onto, or up, the property ladder.
- Use up to four incomes for affordability
- Parents, grandparents, aunts, uncles and siblings can support the mortgage
- No impact on stamp duty for supporting borrowers
- Can be used in reverse for adult children to support their parents.
retirement interest-only
Our Retirement Interest-Only mortgage doesn't have a term end date, giving your client the flexibility to enjoy their home until they no longer need it.
- Available for clients aged 55 and over (for joint borrowers both clients must be 55 or older)
- Maximum LTV of 50%
- Borrowers must continue to make monthly payments for an undefined term.
sign up to our mailing list
Receive emails to keep up to date with the very latest news, criteria and product changes from us as they happen.
We're always looking at introducing new tailored products and criteria, so ensure you don't miss an important change or a new mortgage product launch.
Criteria checker
Can we help your client? Use our tool to find out.
Simply type your criteria to see our levels of acceptance and flexibility.
Your Local BDM:
Sam Morrison
Your Local BDM:
Neil Cadwallader
Your Local BDM:
Stuart Heavens
Your Local BDM:
Amar Mashru
Your Local BDM:
Arif Kara
Your Local BDM:
Nathan Waller
Your Local BDM:
Grace Bennett
Your Local BDM:
Gina England
Your Local BDM:
Paul Roberts
We do not currently have a BDM covering your area. Please contact our Mortgage Helpdesk:
- 01372 744155
- 01372 745607
- mortgage.desk@familybsoc.co.uk
Opening hours: Monday - Friday: 9am - 5.30pm. Saturday: Closed
We may record any telephone calls we have with you in the interest of staff training, monitoring customer service or for security purposes.
Affordability Calculator
Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator