Retirement mortgages

We’re proud to support mortgage customers of all ages and our Retirement Interest Only mortgages are aimed to meet the needs of borrowers aged 55 plus, who are looking to release equity, remortgage with us or move home. Household income must be at least £20,000 after deductions (usually pension income). Our retirement mortgage has no set end date, giving peace of mind that the mortgage term isn’t coming to an end.

Here you’ll find all the information you need to know about our Retirement mortgages.

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Variable mortgages

Product name

Retirement mortgage (power of attorney) variable lifetime discount

Product code: SDD009

Initial rate

4.99%

Discount from SVR

3.00%

Overall cost for comparison

5.1% APRC

Max LTV %

50%

Product fee

Product name

Retirement mortgage (non power of attorney) variable lifetime discount

Product code: TDD009

Initial rate

5.49%

Discount from SVR

2.50%

Overall cost for comparison

5.7% APRC

Max LTV %

50%

Product fee

Loan:	Size: Minimum £50,000, Maximum £500,000, up to 50% of the property value. Term: Minimum 5 years.
Property:	Minimum Value: £100,000. Available on properties in England and Wales.
All applicants:	Must be UK residents. Minimum age is 55.
Income:	Household income must be at least £20,000 after deductions.

Loan:

Size: Minimum £50,000, Maximum £500,000, up to 50% of the property value.

Term: Minimum 5 years.

Property:

Minimum Value: £100,000. Available on properties in England and Wales.

All applicants:

Must be UK residents. Minimum age is 55.

Income:

Household income must be at least £20,000 after deductions.

Income After Deductions	Sole Borrower	Joint Borrowers
£20,000-£50,000	4.5x	4.5x
Over £50,000	5.0x	5.0x

Income After Deductions

Sole Borrower

Joint Borrowers

£20,000-£50,000

4.5x

Over £50,000

5.0x

What our Intermediaries are saying

Underwriting:	We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for the case will depend on your clients circumstances and our assessment of the risk.

“Helpful and flexible criteria. ”

Craig, Roberts McBain

“The BDM was knowledgeable and insightful.”

Gail, Mortgage Sure Ltd

“I find the underwriting very flexible - being able to talk to the underwriter is also massively helpful. Really impressed.”

Emma. G3 Mortgages

“Bath seem to have a good policy on adverse credit and rent a room products.”

John, Virtue Financial

“Lovely little lender, able to help when the big boys can't.”

Andy, Together FSL

“Staff so easy to talk to and knowledgeable. This was my first case with Bath but already have another that will be coming your way.”

Clark, Wiser Mortgage Advice

Retirement mortgages

Variable mortgages

Lending Criteria and Information

What our Intermediaries are saying

“Helpful and flexible criteria. ”

“The BDM was knowledgeable and insightful.”

“I find the underwriting very flexible - being able to talk to the underwriter is also massively helpful. Really impressed.”

“Bath seem to have a good policy on adverse credit and rent a room products.”

“Lovely little lender, able to help when the big boys can't.”

“Staff so easy to talk to and knowledgeable. This was my first case with Bath but already have another that will be coming your way.”

How to apply

Contact us

Professional Intermediaries only

Retirement mortgages

Variable mortgages

Lending Criteria and Information

What our Intermediaries are saying

“Helpful and flexible criteria. ”

“The BDM was knowledgeable and insightful.”

“I find the underwriting very flexible - being able to talk to the underwriter is also massively helpful. Really impressed.”

“Bath seem to have a good policy on adverse credit and rent a room products.”

“Lovely little lender, able to help when the big boys can't.”

“Staff so easy to talk to and knowledgeable. This was my first case with Bath but already have another that will be coming your way.”

How to apply

Contact us

Professional Intermediaries only

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