Perhaps you want to help your family with university costs or provide them with a deposit for their first home? Maybe you’re planning on improving your home? You might simply want to enjoy life a little more. If you’re a homeowner, your age shouldn’t be a barrier to taking a mortgage.
Unlike a lot of banks and building societies we don’t have an upper age limit for borrowers, either at the time you apply or the time the mortgage is due to end.Here's how we helped Peter, 70, get a new mortgage.
Obviously we do need to make sure you can afford it so we will check your actual or anticipated income in your retirement when you apply.
As we review all mortgage applications individually, our team of specialist mortgage underwriters will look at your specific circumstances and we’ll let you know how we can help.
At the bank it seemed to be a case of this is what the screen says and this is what I must do, but at the Cumberland it was 'I will get in touch with the underwriting team to say what I think what we should do in this case'.
We provide mortgages on properties throughout England, Scotland and Wales. Some of our mortgages are only available on properties in our branch operating area.
Our operating area is Cumbria (all CA and LA postcodes), South-West Scotland (all DG postcodes and TD9), West Northumberland (NE45-49) and North Lancashire (all PR, FY, LA AND BB1-3 and BB5-7).
Use our Mortgage Calculator to find out which mortgages are available to you.Mortgage Calculator