Later life lending
Do you have clients who were turned down by high street lenders simply because of their age?
We know that not every client is a straightforward case and don't believe in a 'one size fits all' approach to lending. We'll always take the time to listen to those people who are not well served by the mass market, such as those approaching or in retirement.

We've helped many borrowers remain in their home by allowing them to have a mortgage with us well into their retirement. We've also helped Interest-Only borrowers who have found themselves trapped on high interest rates.
Your client should have the choice to downsize when they want, not when their current lender says they should.
But don't just take our word for it, you can hear direct from one of our customers, Warwick, as he shares his and his wife Lynda's story of working with us to get a mortgage in later life.
Case study - Later life mortgages
Warwick tells the story of the struggles he and his wife Lynda had in getting a new mortgage close to his retirement, and how we were able to help them.
What makes us different?
- We have a personal approach to lending and manually underwrite all our mortgages
- We offer generous mortgage terms for older borrowers:
- Owner Occupier Repayment mortgages – up to a maximum age of 95 at the end of the term
- Owner Occupier Interest-Only and Buy to Let mortgages – up to a maximum age of 89 when the loan commences
- We’ll take into account earned income up to the age of 70, plus fixed pensions and pension pots beyond that
- We can also accept rental and investment income that can be evidenced on an SA302.
RETIREMENT INTEREST ONLY (RIO)
Our RIO mortgages do not have a term end date, giving your clients the flexibility to enjoy their home until a specific life event, such as moving into long-term care or passing away, triggers the repayment of their mortgage.
- 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.
View more information about our Retirement Interest-Only
JOINT BORROWER SOLE PROPRIETOR (JBSP)
Our JBSP arrangement can also be an option for older borrowers. This arrangement is designed to enable family members to help support each other with affordability when applying for a mortgage, so older borrowers can be supported by their adult children's income.
View more information about our JBSP arrangement
Check affordability and complete a DIP request
Affordability Calculator Owner Occupier DIP request
Ready to submit an application?
See how much your owner occupier client may be able to borrow
Affordability Calculator
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:
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:
Darren Deacon
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.