Halifax UK Fixed Retirement & Lifetime Mortgages For Elderly Borrowers Launched
Oct 13, 2022
Borrowers in their 60s and 70s can now get Halifax fixed retirement and lifetime mortgages, as well as a home valuation through Renew Advice, a division of Renew Financial Management Limited.
Newcastle upon Tyne,United Kingdom - October 13, 2022 /PressCable/ —
Renew Advice has launched special loans for borrowers in their 60s and 70s through Halifax UK. Applicants can now get Halifax fixed mortgages at 2.97% and retirement interest-only mortgages at low rates of 3.11%.
For more information, visit https://www.renew-advice.co.uk/halifax-retirement-interest-only-mortgage-rates/
Renew Advice has launched these products from Halifax in response to a recent survey that found more than 187,000 new mortgages for borrowers over 55 were processed in 2021, with a total lending volume of £28.1 billion. Despite the pandemic, loans to applicants over the age of 55 were at their highest in 2021.
Lifetime mortgages are tailored to the needs of seniors and the elderly who want to remain in their homes but need extra cash to pay for costs like healthcare or repairs.
The 2.92% fixed-for-life Halifax mortgage for those over 70 offers up to 70% loan-to-value and is similar to standard interest-only mortgages with monthly payments. This product is for older people with shared ownership properties.
Visit https://www.renew-advice.co.uk/halifax-mortgages-for-over-70s/ for more information.
Renew Advice showcases a fixed mortgage for those in their 60s at an all-time low rate of 2.97%. This product from Halifax features up to 65% loan-to-value depending on their monthly income and personal circumstances. This product is aimed at borrowers looking for a mortgage to relocate or renovate their homes.
Repaying a current interest-only mortgage without incurring early repayment penalties is possible with retirement interest-only mortgage rates, which are at a rate of 3.11% set for life for borrowers over 60. These products are designed for those who need to pay off an existing mortgage or plan their estate.
A spokesperson for the company said: “A retiree mortgage may be used for estate planning or if a current mortgage has reached the end of its term. With products from Halifax, there is no upper age limit, so planning for retirement now means spending many years relaxing and enjoying yourself in the knowledge that any mortgage issues have been satisfactorily resolved.”
Interested parties can learn more about the Halifax mortgages for over 60s at https://www.renew-advice.co.uk/halifax-mortgages-for-over-60s/
Contact Info:
Name: Frank Innes
Email: Send Email
Organization: RENEW FINANCIAL MANAGEMENT LIMITED
Address: 33 Grey Street, Newcastle upon Tyne, England NE1 6EE, United Kingdom
Phone: +44-20-8878-2185
Website: https://www.renew-advice.co.uk/
Source: PressCable
Release ID: 89083143
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