Over 55 - How Can I Pay Off My Mortgage?

Are you one of many thousands of people who are now over 55 and are being hounded to repay the Interest Only mortgage that you took out in good faith years ago??

We see and help many clients just like you – so don’t despair!!

The problem is that lenders are far less willing to help people in retirement with extensions to existing mortgages or even new ones, if even you can prove affordability.

We are able to help people like to you to be able to stay in their own home and be in a position where they know that they will never be hounded like this again.

A lifetime mortgage can help you stay in your own home and you can choose how you want the plan to be set up. That is right you can choose to make no repayments at all and let the compound interest accumulate on top of your loan, you can choose to make Interest Only payments, or you can even choose to make ad-hoc payments as and when you want to!!!

The interest rate will be fixed for life on the money that you take and so you know exactly where you will stand over the coming years and what could be left to your loved ones!

Does this sound too good to be true? – Well we have helped many, many clients achieve just this outcome so please feel free to give us a call and find out more.

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A lifetime mortgage is a long term commitment which could accumulate interest and is secured against your home.   

Equity release is not right for everyone and may reduce the value of your estate

Equity Release Council

Our fee for arranging a Lifetime mortgage is £750 payable only on completion. 

Research has shown that some companies charge over £1,500 or 1.95% of the loan, whatever is greater, for this service including a letter of suitability. 

Viva Retirement Solutions is a trading name of Viva Retirement Ltd and is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is regulated by the Financial Conduct Authority.

Registered Office: 4 Severnvale, London Colney, St Albans, Herts, AL2 1TE

Registered Company Number: 10756078 Registered in England & Wales

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