Later Life Lending Solutions | Unlock Home Equity for Retirement

Are you aged 50 or over and looking to access the equity in your home without selling or moving? Our Later Life Lending options, including Standard Residential Mortgages, Lifetime Mortgages, and Retirement Interest-Only (RIO) Mortgages, offer flexible ways to release equity while staying in your home.

Whether you need to repay your current mortgage, buy a new property, support your family, or free up cash for a better retirement lifestyle, our range of later life mortgage products can help you meet your goals. Speak to an advisor today to explore the right retirement mortgage options for you.

Book a free initial mortgage consultation

Before you take a loan against your property, be sure to weigh up your options. A lifetime mortgage will reduce the value of your estate and may affect your entitlement to means-tested benefits.

"Rettie FS provided exceptional service to assist us with our mortgage application. The attentive and helpful staff guided us through the complex process, explaining mortgage options thoroughly, making it remarkably smooth and stress-free. Their dedication to customer satisfaction set them apart as they took the time to understand our needs. Their personalised approach, went above and beyond, ensuring our confidence throughout. I highly recommend Rettie for reliable and trustworthy financial services. Thank you."
Fiona Hall
"Excellent support and guidance from Stephen and his colleagues in relation to our recent mortgage application in testing market circumstances recently! Calm and considered advice throughout and provided swift responses when we posed additional questions. Would definitely recommend and we will certainly be back when we need to get a new product!"
Stuart Dunbar
"Stephen and Rajinee assisted me with arranging my mortgage and I am so glad that I came across them when searching for a mortgage advisor. They were so helpful, open and honest and gave me an insight into the best deals available and help me find the most appropriate mortgage tailored to my needs. There was no pressure at all to commit and once selected a mortgage, they did all the work from there on out! They made it a stress free process and I thank them sincerely for it."
Tom Williamson
"We are so happy we used Rettie Financial Services Glasgow team for our mortgage. They supported us every step of the way and when things got complicated they swiftly resolved issues and gave us every confidence. Their knowledge of the market and contacts are excellent adding huge value to their services."
Victoria Smith

Types of Later Lending Mortgage Options

Standard Residential Mortgage

A standard mortgage involves lenders performing affordability checks based on income and expenses. It enables homeowners over 50 to access equity for retirement needs without selling their property, offering the flexibility to repay existing debt, enhance their lifestyle, or financially support family members.

Retirement Interest-Only Mortgages (RIO)

Interest-Only Payments: Pay only the interest each month, keeping the loan balance unchanged. Repayment occurs upon property sale.
Flexible Borrowing Terms: Available to homeowners 55+, Retirement Interest-Only (RIO) mortgages can fund home improvements, debt consolidation, or retirement income.
Repayment Flexibility: Most Retirement Interest-Only mortgages offer no early repayment charges for added flexibility.

Enhanced Lifetime Mortgage

Receive an initial lump sum with the option to access additional funds over time, up to a pre-agreed limit. Interest is charged only on drawn amounts. Repay voluntarily to reduce interest, with full repayment due upon death or moving to long-term care. No negative equity guarantee included.

Arrange a Financial Services Consultation.

As well as supporting you to secure the perfect mortgage, Rettie Financial Services can help you with a full range of protection products. Book your free initial financial services consultation today with one of our Mortgage and & Protection Advisors.

Book A Financial Services Consultation

Frequently Asked Questions About Later Life Lending

Why choose Later Life Lending?
Later life lending allows you to unlock the value in your home to meet your financial needs, whether it's for retirement, home improvements, or other purposes—all without having to move. With options like Lifetime Mortgages and Retirement Interest-Only (RIO) Mortgages, you can maintain ownership of your property while accessing the cash tied up in its value. These solutions offer flexible repayment options: Lifetime Mortgages have no mandatory monthly repayments, while RIOs provide the flexibility of interest-only payments. This allows you to tailor your plan to suit your financial situation, giving you greater control and peace of mind in your retirement years.
How much can I borrow?
What is the eligibility criteria?
Do I have to make regular repayments, or can I pay off the loan early?
When do I have to repay the full amount of the loan?
What's the difference between Equity Release and Retirement Interest-Only Mortgages?
Equity Release options, such as Lifetime Mortgages, allow older homeowners to access cash from their property while continuing to live in it. The loan is repaid when the homeowner passes away or moves into long-term care.
On the other hand, Retirement Interest-Only Mortgages (RIOs) let retirees borrow funds with monthly interest payments. The loan is repaid through the sale of the property at the end of the mortgage term. Both options enable homeowners to access the value of their property without needing to move, but they differ in repayment terms and ongoing payment requirements.
Who are Retirement Interest-Only Mortgages for?
RIO mortgages are ideal for homeowners over 55 who can comfortably afford monthly interest payments and wish to maintain ownership of their home while accessing funds in retirement.
Will I retain my property?
Can I use later life lending for HIMPS or buying a new home?
Will it affect my estate?

At Rettie we understand.

At Rettie Financial Services we understand that everybody’s situation is unique. That’s why we’re with you every step of the way. Whatever your mortgage, insurance or other financial needs, and however complex your challenges, we have the expertise and experience to provide a tailored service that will deliver for you.

Outstanding Customer Service

At Rettie Financial Services we excel in speed, expertise and customer satisfaction. Our commitment to you extends beyond transactions, providing both financial and emotional support throughout your journey.

Personalised Solutions

We bring a personal touch to every interaction, taking time to understand and address your unique financial requirements. No matter how complex and intricate your insurance or protection needs, we have the experience and know-how to identify and deliver an innovative personal solution that’s right for you.

A Proven Approach

Our highly experienced Mortgage & Protection Advisors have a proud track record in delivering a supportive, quick and hassle-free service, evidenced by a constant stream of 5 star reviews from our satisfied clients.

Keep in mind that paying off an existing mortgage using a lifetime mortgage can make it more expensive.

Clearing existing mortgage with a lifetime mortgage may result in higher cost of borrowing.

Rettie Financial Services charge a fee of up to £995 for later life mortgage advice.

Rettie Financial Services Ltd is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Rettie Financial Services Ltd. Registered Office Address: Deuchrie, Dunbar, East Lothian, United Kingdom, EH42 1TG. Registered in Scotland Number: SC711925.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.

For insurance business we offer products from a choice of insurers.

Your home may be repossessed if you do not keep up repayments on your mortgage.