Later Life Lending Options Checker

Illustrative later life lending options checker. Not financial advice.

This checker screens four routes: a standard residential mortgage, a retirement interest-only mortgage, a lifetime mortgage and a home reversion plan.

Illustration only, not financial advice. It cannot tell you what is right for your circumstances. Always speak to a Council member adviser before making a decision.

Your answers

Complete the three steps. Highlighted fields are required.

1 About you

Age of youngest applicantNumber of applicantsUK residentMonthly incomeOther applicant’s monthly incomeCommitted outgoings a month

The standard residential check uses monthly income. For two applicants, the retirement interest-only check uses the lower of the two monthly incomes.

2 Your home

Do you own the property?Main residenceProperty valueOutstanding mortgage or secured debtsProperty typeTenureLease years remaining

3 Borrowing

Borrowing amountPurposeDo you want monthly payments?Stress interest rate

The stress rate starts at 7%. You can change it. Money figures in the results are shown to the nearest £100. The Likely, Borderline and Unlikely test uses the exact payment.

The four results then appear under What happens next.

Speak to a Council member adviser.

Understand your options