Jubilee 2000 has a new lender offering mortgages for pensioners over 70, launching in January 2026.
- There are no fixed mortgage terms or maximum age limits for all applicants
- Affordable mortgage payments that can come from your pension or investment income
- A direct lender, so no mortgage broker is necessary
- A loan-to-value of up to 65% with this interest-only retirement mortgage
- It is very similar to an interest-only standard residential mortgage with monthly repayments
- An interest rate of 4.86% Capped
- No valuation penalties apply to flats or other leasehold properties; the total market value is used.
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Standard Interest-Only Mortgages For Pensioners Over 70
When you have a good pension pot, an equity release product may not be the right option. If you have an outstanding balance on an old mortgage at the end of its term, the right deal could be to get a standard interest-only mortgage, even if you are over 70.
Your monthly outgoings will be scrutinised by the lender you apply to.
Building Societies standard interest-only mortgage for over 70
Different lenders’ mortgage products have very different repayment terms, maximum ltv, home insurance requirements and term lengths. The good news is that Jubilee has a lender with much more flexible terms than many building societies’ standard mortgage products.
Vernon Building Society Equity release mortgage over 70 with no mortgage repayments.
Even with specialist lenders and private banks, the eligibility criteria can restrict your ability to service standard mortgage capital repayments. Equity release options are worth considering.
Smaller lenders over 70 mortgages with monthly payments from The Bath Building Society
There are some smaller local building societies that offer free home valuations and a flexible age limit for people aged 70 and over. A good credit history and regular income could entitle you to the best mortgage in the marketplace.
The Marsden Building Society offers retirement mortgages over 70 to release equity
When you consider a mortgage, a lender will want to ensure you can service the repayments. Older borrower state benefits won’t support lending much later in life to release equity from your home.
Newbury Building Society Pensioner mortgages for the over 70s
If you have a good credit report, a Rio mortgage product loan could be the best deal for your retirement needs. The 3rd-party estimated value of your home will determine the amount of remaining funds after the funds are released.
Retired people’s lifetime mortgages for over 70s from the Furness Building Society
If you are retired and you can’t afford to pay interest on the money you borrow, your best option could be rolling up compound interest. You can get a free valuation, which is uncommon with standard mortgages, and have mortgage terms that avoid any repayment plan other than the sale of the home upon death or entry into long-term care.
Hodge Bank offers retirement interest-only mortgages for 70-year-olds, avoiding high street banks
A later-life interest-only mortgage based on your current income is ideal for your existing home or for the purchase of a new home or flat. Many other lenders, as well as high-street banks, offer flexible products with no early repayment charges for low-risk borrowers.
Family Building Society Standard interest-only mortgages for over 70-year-olds
Nationwide offers a personalised service to older applicants. The applicant must provide evidence of older people’s shared ownership to get the best deals with lower interest rates, and they can get a no-obligation quote.
A retired person over 70 with a mortgage deal from the Mansfield Building Society
A retired person over 70 may have issues with credit cards and other debts. There are mortgages available with a 25-year term or longer, so borrowers can use their current home to repay old debts, without needing a home reversion plan.
Leeds Building Society Retirement interest-only mortgage for 70 year old
The loan amounts for retired people with low incomes can be quite small for an over-70s mortgage. The borrower must easily afford the monthly interest payments, typically less than 3rd of their net income. The lender has to be very confident they can keep up repayments, as they do not want loved ones having to help.
Nationwide Over 70 Mortgage Options
The Nationwide mortgage calculator suggests mortgage rates for people over 70. If you have an existing lender to pay off, you may be offered a competitive home loan.
HSBC Over 70 Fixed Rate Mortgage
Suppose you want to maintain future exposure to house price appreciation and don’t like the interest rates on a typical lifetime mortgage. In that case, you should consider an HSBC Over 70 fixed-rate mortgage. The outlook for future house prices and the UK property market suggests the value of your property could still increase simply due to supply and demand.
Barclays Traditional mortgage at 70 for older borrowers
A traditional mortgage may include a product fee, but there is no set rule. Aged 70, lenders may offer an excellent deal with no age cap, with different term limits, but often past age 85.
Nationwide building society interest-only mortgage over 70
A Nationwide mortgage is an ideal option for people with an existing mortgage balance to repay. This is a new mortgage deal for people over 70, so tax-free cash is available.
Halifax over 70 mortgage offers
A Halifax mortgage could be ideal if your property value is high enough and you are not part of a standard shared ownership scheme. The best mortgages require long-term income, a pension statement, and other income-eligibility requirements.
Can you get a mortgage at 70 with a CCJ and a low monthly payment from the Monmouthshire Building Society or other lenders?
Yes, mortgages for the over-70s are prevalent in 2026, even for pensioners with a CCJ. As long as you can prove enough stable income, the CCJ is no problem. You can even use rental income as part of your proof of income.
Can a 70-year-old get a mortgage on a leasehold flat with affordable monthly interest payments?
With a retirement mortgage, you must have sufficient income to make the payments affordable, because regulations require it. With the Jubilee lender, there are no valuation penalties for flats and other leasehold titles.
Can I get a mortgage at 70 years old if I have a retirement flat and can afford the monthly interest payments?
With a Jubilee mortgage for the over-70s, you can borrow money for a retirement flat. These flats are often very affordable compared with flats that younger people can use, and you pay only the interest on the mortgage.
Can a 70-year-old get a mortgage from high street lenders on an ex-council property?
Yes, high street lenders lend to pensioners who own ex-council properties, both houses and flats. This could be much better than being forced to pay rent to a landlord.
Can I get a mortgage at age 70 to repay my old interest-only Barclays Bank mortgage?
Yes, many lenders have no upper age limit, including a nationwide mortgage, and it is widespread for pensioners to remortgage to pay off an old mortgage at the end of its term. A Halifax mortgage adviser may be a good starting point for a mortgage comparison so you can find the right mortgage deal.
Is it easy to get a mortgage at 70 years old with a 30% deposit and no maximum mortgage age limit?
Most lenders will only lend up to 60% LTV to people aged 70 or older. Still, there are pensioner mortgage deals with flexible lending criteria that accept personal circumstances, with loan-to-value ratios as low as 70% or as high as 90%.
Can you get a mortgage at age 70 with my retirement income, as I need a lump sum?
Yes, if you need a lump sum, a good credit score will help you get the best RIO mortgages. Cambridge Building Societies offers a good one, and you can get competitive rates that are much better than those from equity release schemes.
Can you get a mortgage if you’re over 70 without a maximum age limit from Nationwide mortgages?
Yes, there are standard residential mortgages without a maximum age limit from Nationwide Building Society, Lloyds Bank, Barclays Bank, and HSBC UK. However, the no-negative-equity guarantee does not apply, and the lender may charge fees.
Can a 70-year-old get a mortgage in the UK with a poor credit history to repay an existing mortgage from Santander?
People may need mortgage advice before they move into long-term care so they can keep their homes in their golden years. Jubilee offers mortgages at very low rates, similar to those offered to younger people.
Can someone over 70 get a mortgage using pension income from Halifax mortgages?
Yes, people over 70 can get a mortgage and pay the interest monthly. Comparing mortgages in the market can take around a week, and the process can be completed in around 30 days.
Other key issues:
- It could be wise to look at interest-only lifetime mortgages with low or no fees
- Is paying interest right for your circumstances?
- Will you fall foul of maximum mortgage age limits?
- Is your existing mortgage term coming to an end?
- How do later-life mortgage rates compare with those offered to younger people?
- Are personal loans a better option
- For releasing equity, are homeowner loans a better idea for some people
- Is a good mortgage advisor worth paying for?
- Should you read up on the Equity Release Council documentation
- Are traditional mortgages available to people over 70?
- Can you get your monthly payments lower with a new mortgage
- Do some lenders impose higher rates after the usual 2,3 or 5 year discounted term
- Are mortgages for the over-60s a good loan-to-value?
- Are you confident in the property market’s financial stability?
- Is the mortgage work a good lender?
- What type of mortgage could you qualify for?
- Will bad credit be a problem?
- Does a mortgage offer come quickly?
- Are the regular payments fixed?