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Speak to an Advisor 7 days, 8am - 10pm
Yes, obtaining a mortgage over 60 in Scunthorpe is absolutely possible.
Lenders now provide a range of options for older borrowers, considering retirement income and offering flexible terms.
Whether you’re looking to remortgage, purchase a home, or release equity, a knowledgeable mortgage advisor in Scunthorpe can help.
With professional mortgage advice in Scunthorpe, you can navigate the process confidently and find the right solution.
For those over 60 in Scunthorpe, mortgage choices can include traditional repayment mortgages, interest-only options, and specialist products like retirement interest-only (RIO) mortgages.
Equity release products, such as lifetime mortgages, may also be suitable for homeowners who wish to access funds tied up in their property.
Each of these options is tailored to provide financial flexibility and security, allowing you to choose the solution that best matches your future plans.
A dedicated mortgage broker in Scunthorpe can help you secure the most suitable deal.
If you’re over 60 in Scunthorpe, expert mortgage advice can simplify the path to achieving your property goals.
Our mortgage advisors in Scunthorpe provide personalised guidance to help you understand lender requirements, explore tailored products, and secure terms that align with your financial plans.
From interest rates to repayment options, we make the process as clear and straightforward as possible.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £995.
You should always think carefully before securing a loan against your property.
A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means tested benefits.
Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.
Scunthorpe offers mortgage solutions like lifetime mortgages, where you can access tax-free funds from your home while deferring repayment until later.
Interest-only plans are ideal for those managing retirement income, and repayment mortgages with flexible terms are another option.
Mortgage advice in Scunthorpe ensures you make informed decisions based on your needs.
Yes, retirement income is widely accepted by lenders in Scunthorpe when conducting affordability assessments.
This includes state pensions, workplace pensions, and private pensions. Additional income sources such as rental earnings, investment dividends, or part-time employment can also be factored in.
Lenders may request detailed records, such as pension forecasts or recent statements, to verify your income.
A mortgage broker in Scunthorpe can simplify this process and connect you with lenders who are most suitable to your financial situation.
Age limits for mortgages differ depending on the lender and product.
Repayment mortgages usually need to be completed by age 75–85, but alternatives like retirement interest-only mortgages and lifetime mortgages have no age limits.
These options focus on property value and repayment affordability rather than age. A mortgage broker in Scunthorpe will guide you through the most suitable options available.
For those over 60 in Scunthorpe, mortgage terms are determined by the type of product and the lender’s criteria.
Repayment mortgages often come with shorter terms of 5–15 years, ensuring they are fully repaid by a maximum age, typically 75–85.
Flexible products like lifetime mortgages and retirement interest-only mortgages eliminate fixed terms, with repayment triggered by the eventual sale of the property.
These options are ideal for those seeking financial stability in later life. A mortgage advisor in Scunthorpe will guide you towards the right product and term length for your situation.
Equity release is a flexible way to access the value of your property, enabling you to achieve financial peace of mind.
The funds can be used to support your lifestyle, pay off debts, or help family members with significant expenses.
With options for a lump sum or smaller payments over time, this solution adapts to your individual needs.
Since no monthly repayments are required, the balance is repaid from the sale of the property later.
A mortgage advisor in Scunthorpe will guide you through the benefits and any potential impact on your estate.
Our Customers Love Us
4.84 Rating19 Reviews
Tomas
Absolutely no issues. Connor and Paula were great, made the process smooth and provided updates at each stage. We are returning customers.
5 hours ago
Jayne
Dinah Harros was our mortgage broker and she was extremely polite, professional and diligent. She took time to really listen and understand our financial situation and recommend the perfect mortgage product for us. Dinah was easy to contact and...
1 year ago
Donna
FANTASTIC AND OUTSTANDING SERVICE!! Unfortunately the purchase of our new home was rather difficult, we had devaluations and chains falling through, so to say the least it was testing!! we had a very stressful, hard 7 months to get to the...
2 years ago
Stuart
Dealt with my mortgage arrangement and application in super quick time. Very efficient and would recommend to everyone.
3 years ago
Rebecca
Leo and Lyndsey were fantastic! No issues at all, and all very quick and efficient. Thankyou so much
3 years ago
Anonymous
She was so helpful. I felt hopeless after just having my mortgage declined by a high Street bank and she's given me some hope again.
4 years ago
Akvile
Amazing and really friendly service. Really glad I choosed this company for my remortgage. I would definitely recommend this company to everyone
4 years ago
Jonathan
I would highly recommend Scunthorpemoneyman to anybody needing the service. They have been very quick to respond to any questions and I have had to do next to nothing through the hole process they have handled everything brilliantly.
4 years ago
Samanatha
Fantastic advice and guidance throughout the full process. Malcolm and his team were extremely knowledgeable, efficient and responsive during our mortgage application. When we came across obstacles, these were dealt with quickly and advice given on...
5 years ago
Amelia
Absolutely fantastic service from all at Scunthorpe money man. The staff are so friendly and helpful, nothing is too much trouble, any questions answered. Kept up to date all the way through, I would recommend to anyone. Many thanks for all...
6 years ago
Samantha
Outstanding service from start to finish with every member of the team helpful and friendly. I could rely on them for advice and updates at all stages.
6 years ago
Thomas
Wow..... what a fantastic team they are Matt,Mel and Wendy did a fantastic job for me been messed around by other brokers in the past but from the very first phone conversation I knew they had my best interests. Fantastic communication always kept...
6 years ago
Anonymous
Thanks so much to the team. You made everything so easy and clear. I would highly recommend your services.
6 years ago
Richard
Great communication from start to finish and even after finding a mortgage deal for us Jason kept looking and found a even better one at .5% less
7 years ago
Jayne
A fabulous company to deal with who put my mind at ease and everything that they required in the manner of documentation was never a problem, Matt, Leanne and Wendy kept in constant contact with me and gave me a 5 star service, in actual fact it was...
7 years ago
Kenneth
I can’t thank Matt and Mizna enough for all there help and hard work! Nearly time to sign for our house and it wouldn’t have been possible without the help of Scunthorpe Money Man! Thank you all!!
7 years ago
Sophie
Absolutely fantastic staff! I stumbled across Scunthorpe Money Man on google, with just one call the ball was rolling...fast, efficient, friendly and supportive. People say mortgage applications are stressful and boy they are not wrong but with the...
7 years ago
Chris
Very happy with the service provided, Excellent service from start to finish. I would definitely recommend Scunthorpe Moneyman and would use them again in the future. 5* Experience.
8 years ago
We start the process with a free initial appointment, offering you a chance to share your goals and learn about the options available. This initial session is designed to be clear and informative, helping you feel confident as we move forward.
It’s important to consider all possible routes before committing to later-life lending. From exploring savings to restructuring existing finances or even downsizing, we’ll assess every option to ensure the best decision for your needs.
Including trusted family members or advisors in the process can provide added reassurance and clarity. We’re happy to involve them in discussions or provide resources to ensure everyone feels confident in the decision being made.
Once we’ve understood your goals and reviewed all alternatives, we’ll provide a tailored recommendation. This personalised advice is designed to align with your financial priorities and long-term plans, giving you the confidence to move forward.
We start with a free, no-obligation appointment, giving you the chance to discuss your needs with a dedicated mortgage advisor in Scunthorpe. During this session, we’ll learn more about your financial goals and provide clear advice on the options available to you. It’s a straightforward, pressure-free way to begin your journey with support from an expert.
With access to thousands of mortgage deals from a wide range of lenders, we work hard to find the right option for you. As an experienced mortgage broker in Scunthorpe, we compare the market to secure a competitive deal tailored to your circumstances. Whether you’re remortgaging, buying a new property, or exploring later-life lending, we handle the search so you can focus on your plans.
Our mortgage advice in Scunthorpe is built around your needs. From your first appointment to securing the perfect deal, we’ll guide you every step of the way. As a trusted mortgage broker in Scunthorpe, our priority is to simplify the process, saving you time and ensuring you feel supported throughout.
We know life doesn’t always fit into the typical Monday-to-Friday schedule. That’s why our mortgage advisors in Scunthorpe are available seven days a week, offering flexibility to speak at a time that suits you. Whether it’s an evening call or a weekend appointment, our team is here to help when you need us most.
Purchase mortgages for over 60s provide opportunities to buy a new property suited to your retirement lifestyle.
Lenders take into account pension income and other retirement funds, offering terms tailored to your financial goals. A mortgage broker in Scunthorpe can help you find a competitive product.
Remortgaging after 60 in Scunthorpe can help you lower payments, consolidate debts, or access equity for retirement.
Lenders offer flexible products for later-life borrowers, making it easier to improve your financial situation. Mortgage advice in Scunthorpe ensures you find the right solution for your needs.
Equity release in Scunthorpe is an excellent way to access the value of your property without selling.
This provides tax-free funds, either as a lump sum or drawdown, for retirement projects or additional income.
A mortgage advisor in Scunthorpe can guide you through the process, ensuring it aligns with your goals.
Bad credit doesn’t have to stop you from securing a mortgage in Scunthorpe after 60.
Specialist lenders focus on factors like pension income and property equity, offering tailored solutions.
A mortgage broker in Scunthorpe will connect you with lenders who understand your needs.
Retirement mortgages in Scunthorpe offer solutions like interest-only and equity release products to suit older borrowers.
These options ensure flexibility, affordability, and alignment with your retirement goals.
Expert mortgage advice in Scunthorpe will help you make the right choice.
Read our 19 Reviews
Scunthorpemoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Scunthorpemoneyman 2025.
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Scunthorpemoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Scunthorpemoneyman 2025.
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