If you're over 60, it might feel hard to find a mortgage. But there are special products and providers for people your age. And when you use Saga Mortgages, we’ll find the best options for you.
This article looks at some of the best mortgage lenders for over 60s. The list is based on the expert opinion of our partners, Tembo.
Remember a mortgage is a loan secured against your home. It may be repossessed if you don't keep up mortgage payments.
1. Livemore
Livemore focuses on people aged 50 to 90. Their Retirement Interest Only (RIO) mortgage is for a loan to value (LTV) ratio up to 75%. They accept multiple types of income source.
This can include pensions, rent, salaries and foreign income
2. Leeds Building Society
Leeds has a range of mortgages for people over 60. But they offer RIO mortgages for people as young as 50. Their top LTV limit is 55%, but they don’t have a minimum equity limit.
They can measure affordability using current and future income.
3. Family Building Society
Family Building Society can help all ages onto the property ladder. And they specialise in mortgages for over 60s and retirees. As their Standard Mortgage is offered up to 95 years old, it could work if you don’t want a retirement mortgage.
4. Hodge
Hodge help homeowners in later life. Their RIO, 50+ and Holiday Let mortgages come with an Early Repayment Promise. You can repay the balance in full if you sell your home early. And you won’t incur an early repayment fee, even in your fixed rate period.
5. Newbury
Newbury offers a RIO 5-year discount mortgage with a variable rate. Variable rate products tend to have lower rates than fixed rate deals. If you don’t mind your costs changing monthly, this product could work for you.
Need help finding the right later life mortgage for you?
Need help finding the right later life mortgage? With Saga Mortgages, you can access award-winning advice and products for over 60s. Get started today.
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Whether you have questions about a specific kind of mortgage or just want to find out more, the expert team are on hand to help.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up with payments on your mortgage. Saga Money may receive payment from Tembo if you get a mortgage offer via the Saga Mortgages service. This will not affect the amount you pay for the service.
Saga is a registered trading name of Saga Personal Finance Limited, which is registered in England and Wales (company number 3023493). Registered office 3 Pancras Square, London, N1C 4AG. Saga Personal Finance Limited is authorised and regulated by the Financial Conduct Authority under the registration number 178922.
Tembo Money Limited (12631312) is a company registered in England and Wales with its registered office at 18 Crucifix Lane, London, SE1 3JW. Tembo is authorised and regulated by the Financial Conduct Authority under the registration number 952652. Tembo Money was awarded Best Mortgage Broker at the British bank awards in 2022, 2023, 2024 and 2025.
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