Find out if Finance Hub can help you get a retirement mortgage. Starting January 2026, two new lenders are offering mortgages for pensioners over 70. Lenders are offering lower fixed rates as they anticipate further rate cuts from the Bank of England.
- Get a free, no obligation, automated home valuation with no in-person visit.
- The full open-market value is applied even to flats and other leasehold properties.
- Loan-to-value up to 65%
- 4.87% fixed for life, no need for a 2-year or 5-year term
- Ideal solution to repay an existing mortgage or release equity without high roll-up interest costs
- No lenders, brokers or advisor fees for these two direct lenders
- A mortgage can be completed in 3 weeks
- No early repayment charges or other hidden fees
- Portable products that move with you if you move house
Please complete the form below to find out if these lenders are right for you.
Why can pensioners get such great rates in 2026?
Many retired people have a good income, often coming from the government and other large financial institutions that are very unlikely to go bust.
For many pensioners, any drop in income is virtually impossible. This is why lenders are keen to compete for this demographic: lending to them is lucrative.
Many lenders, including those from overseas, see the UK property market as very stable collateral, as it is accepted that demand will continue to outstrip supply, and house prices are well insulated from any economic downturn.
Even with interest-only mortgages, lenders are very comfortable offering, as their forecast for house prices is a worst-case mild depreciation and, at best, significant increases.
Are Mortgages For Pensioners Over 70 available to pensioners who own flats like the ones below?
Yes, retirees can get a pensioner mortgage on a flat as well as a freehold house.
Find discussion on the Money Saving Expert for pensioner mortgages.