We’re currently working on our BTL calculator in light of our recent criteria changes. We hope to have this back up and running soon but if you need any help in the meantime, please contact your BDM or the Helpdesk on 0330 123 1073.

Take five: later life lending

Written by Ipswich Building Society

5 Nov 2018


Later life, Older borrowers

2 min read

We have a dedicated later life proposition to help your clients aged 50 and over get the mortgage they need. Find out how we’re helping later life applicants in five easy steps:

  1. No max age limit
    We don’t have a maximum age limit for lending, giving your clients more flexibility when choosing a mortgage.
  2. Most types of income accepted
    We can accept 100% of pension income when assessing affordability and 50% of other investment income, such as rental income from a property portfolio.
  3. Later life product range
    We have a range of fixed and discount rate later life products available exclusively to applicants aged 50 or over, including a five year deal.
  4. Flexible repayment
    Our loans are available on Interest Only with terms of up to 40 years, provided there is at least £150k equity in the property. Loans also available on C&I and P&P.
  5. Fee-free overpayments
    All of our products come with a generous overpayments facility, allowing your client to overpay up to 50% of their original loan without incurring any early repayment charges.

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – get in touch if you have any questions.

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