Later Life Mortgages | Vernon Intermediaries

Later Life

Overview

We understand that income and financial priorities can change over time, particularly for clients approaching or enjoying retirement. Our Later Life mortgage range is designed to support individuals aged 55 and over, offering both capital and interest, and interest-only options. Every case is assessed through personal, human underwriting to understand each client's circumstances.

Key Criteria

  • Available to those aged 55+
  • In/Into retirement & RIO options
  • Interest only or repayment up to 70% LTV
  • Wide variety of income sources accepted

Fixed Rate Mortgages

(LT60) 5.09% fixed to 30.11.2030 Retirement Interest-Only

Initial rate

5.09%

Subsequent Rate (SVR)

7.60%

Overall cost for comparison

6.7% APRC

Maximum loan to value (LTV)

50%

Incentives

Yes

Fees

None

Early repayment charge

Yes

(LT61) 5.20% fixed to 30.11.2028 Retirement Interest-Only

Initial rate

5.20%

Subsequent Rate (SVR)

7.60%

Overall cost for comparison

6.9% APRC

Maximum loan to value (LTV)

50%

Incentives

Yes

Fees

None

Early repayment charge

Yes

Discount Mortgages

(LT54) 5 Year 2.51% Discount Retirement Interest-Only

Initial rate

5.09%

Subsequent Rate (SVR)

7.60%

Overall cost for comparison

6.8% APRC

Maximum loan to value (LTV)

50%

Incentives

None

Fees

£499

Early repayment charge

Yes

Question

Register

If you haven’t registered with us already, please register online before submitting business with us. Once registered with us, you can register to our broker online services.

REGISTER
Guide

Decision in Principle

Obtain a DIP before submitting an application. Attach an affordability calculator to your submission and we'll give you an initial decision based on the information provided.

DECISION IN PRINCIPLE
Mortgage

Submit a Full Application

Once your registration has been confirmed, you'll be able to submit an application via our online broker portal. All documents required for the application are uploaded at this time.

SUBMIT APPLICATION

Enquire Now

We're proud to be known for our personal, approachable service. If you have a question or would like to discuss a case, our team is here to help - Monday to Friday, 8:45 AM to 5:00 PM. We look forward to hearing from you!

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