Can I get a mortgage at 65?

Yes. Many lenders will offer mortgages to borrowers in their 60s, 70s, and even early 80s, provided the income (usually pension) supports the repayments and the mortgage ends before their maximum age limit.

Can I use my state pension for a mortgage?

Yes. The state pension is guaranteed government income and is accepted by most lenders. It can be combined with private pension income to increase borrowing.

What about equity release?

Equity release is another option for over-55s. It lets you access the equity in your home without monthly repayments. We can advise on both standard mortgages and equity release to find the best fit.

Pension Income Mortgages

Retired or approaching retirement? Many lenders accept pension income for mortgage applications. We'll find the right deal for your circumstances.

Getting a Mortgage on Pension Income

Whether you're already retired or planning to retire during the mortgage term, pension income can be used to support a mortgage application. Lenders will consider state pension, private/workplace pensions, annuity income, and in some cases, pension pot projections. For those over 55, equity release or a later life mortgage may also be worth exploring. The key challenge is often the maximum age at the end of the mortgage term. Protecting your home with life insurance remains important at any age.

Lenders who accept state and private pension income
Maximum ages up to 80–85 at end of term
Annuity and drawdown pension income considered
Later life and retirement mortgage specialists
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Your home may be repossessed if you do not keep up repayments on your mortgage.

What Pension Income Do Lenders Accept?

Most lenders will accept state pension income, guaranteed private/workplace pensions, and annuity income. Some will also consider pension drawdown income if it can be demonstrated as sustainable. Lump sum pensions and SIPPs require more specialist assessment.

Maximum Age Restrictions

Every lender has a maximum age at the end of the mortgage term — typically 70–85. If you're 60 and the lender's maximum is 75, the longest term available would be 15 years. A shorter term means higher monthly payments, so it's important to find a lender with the right maximum age for your situation.

Retirement Interest-Only Mortgages

If you're over 55, a Retirement Interest-Only (RIO) mortgage may be an option. You pay only the interest each month, and the capital is repaid when the property is sold (usually when you move into care or pass away). These are regulated products with consumer protections.