Our Customers
Later Life Finance help clients UK wide with their Mortgage needs.
We always put your best interests first and provide a first class level of service.
Expert Advice You Can Rely On
We provide expert later life mortgage advice to homeowners over the age of 55.
Whether your current mortgage rate is coming to an end, you are planning to gift an early inheritance to family, or you would simply like to raise some extra funds to enjoy your retirement, or improve your home, our highly experienced advisers will compare all your options and offer you the best possible solution for your specific requirements.
A first-class standard of advice and service are guaranteed.
Our interest only mortgage was coming to an end,
We didn't want to sell our family home
Tony and Sue are both 65 and have recently celebrated their Ruby Wedding. Tony works as an accountant whilst Sue brought up their 4 children. They own a £1.2 million detached property, close to their children, with an interest only mortgage remaining of £300,000.
The remaining mortgage was causing both Tony and Sue sleepless nights, as their fixed rate was due to come to an end, and they were due to move to their current lenders standard variable interest rate, which was a lot higher than they currently pay. Both were reluctant to downsize as they didn’t want to move from the home where they brought up their children, and now regularly babysit for their 5 Grandchildren.
Our Later Life Mortgage experts were able to compare the best deals and found Tony and Sue a Lifetime Mortgage with a fixed Lifetime interest rate, enabling them to pay off their existing mortgage, plus release equity of £20,000 so Sue can finally have her dream kitchen!
Case Study: Roger & Sarah's Retirement Refresh and Home Improvements
Roger and Sarah, both in their early 70s, had worked hard their whole lives and were looking forward to a comfortable retirement. However, they also had a few key aspirations: boosting their retirement planning, finally getting that new, more reliable car they needed, and tackling a long-overdue repair to their garden wall. Their home, valued at £550,000, held significant equity, but they weren’t sure how to access it without impacting their daily finances.
“We wanted to ensure our retirement fund was robust, and a new car would make life so much easier,” Roger explained. “And that garden wall had been bothering us for ages! We were looking to remortgage for around £75,000, with £40,000 for retirement planning, £25,000 for the car, and £10,000 for the wall. It felt like a lot to ask, but we felt a huge sense of relief when Later Life Finance showed us it was entirely possible.”
Our expert advisers at Later Life Finance carefully assessed Roger and Sarah’s financial situation and their desire for both security and comfort in retirement. We worked to find a tailored later life lending solution that provided the £75,000 remortgage, allowing them to allocate funds towards strengthening their retirement plans, purchasing their new car, and finally getting that garden wall repaired.
“It’s wonderful to have these plans in motion,” said Sarah. “Knowing our retirement is more secure, and we’ll soon have a new car and a fixed garden wall, brings us such peace of mind. Later Life Finance truly helped us achieve our goals with clear, supportive advice.”
Case Study: Mike & Jane's Tuscan Dream Home
Mike and Jane, both in their late 60s, had spent years dreaming of owning a holiday home in the picturesque hills of Tuscany. They loved the idea of escaping to Italy, enjoying the culture, and creating new memories. Their current UK home, valued at £950,000, held significant equity, and they knew a remortgage could make their dream a reality. However, navigating international property purchases and securing the necessary funds felt like a complex puzzle.
“Buying a place in Tuscany seemed like a distant dream,” Mike recounted. “We needed to remortgage a substantial amount, say £150,000, specifically to cover the purchase price of the holiday home. We also wanted to ensure we had a little extra, perhaps £20,000, for initial furnishing and travel expenses. We were quite overwhelmed by the thought of it all.”
“But then we spoke to Later Life Finance,” Jane added, “and honestly, we felt a huge sense of relief. They understood our vision and explained how we could leverage the equity in our UK home to fund our Italian adventure.”
Our expert advisers at Later Life Finance meticulously assessed Mike and Jane’s financial position and their exciting plans. We worked to find a tailored later life lending solution that provided the £150,000 needed for their Tuscan holiday home purchase, plus the additional £20,000 for setting up their new escape.
“It’s incredible,” Mike beamed. “We’re now looking at properties in Italy with real confidence. Later Life Finance didn’t just find us a mortgage; they helped us unlock a whole new chapter of our lives. We’re so relieved and excited to turn our Tuscan dream into a reality!”
Case Study: Arthur's New Beginning – Moving Home and Renovating
Arthur, who sadly lost his wife last year, found himself facing a new chapter alone. While his current home held many cherished memories, it also felt too large and carried a poignant reminder of his loss. He yearned for a fresh start in a new property, perhaps something more manageable and closer to amenities, but also wanted to ensure his new space truly felt like his own, starting with a modern bathroom.
His current home was valued at £450,000, and he had found a lovely new property for £500,000. This meant he needed to top up the purchase price by £50,000, plus he estimated £15,000 for the bathroom renovation. The thought of managing a move and securing additional funds after such a difficult year felt overwhelming.
“I wasn’t sure how I’d manage to move and then afford the renovations I wanted,” Arthur shared. “I felt a huge sense of relief when Later Life Finance explained how equity release could help me bridge that gap and create a comfortable new home. They understood my situation perfectly.”
Our expert advisers at Later Life Finance provided Arthur with sensitive and clear guidance. We helped him explore later life lending options that allowed him to release the necessary funds from his new property. This enabled him to cover the £50,000 difference for his new home purchase and provided the £15,000 for his desired bathroom renovation.
“It’s given me such peace of mind,” Arthur said. “Moving into a new place and being able to make it truly my own, especially the bathroom, feels like a real new beginning. Later Life Finance made a complex process feel simple and supportive during a challenging time.”
Case Study: Sue & Alan's Generous Gift and Secure Retirement
Sue (71) and Alan (73) lived comfortably in their beautiful £1.1 million home, but a new aspiration had taken root: helping their son and daughter get onto the increasingly challenging housing ladder. They wanted to gift them a substantial £100,000. On top of this, they still had £30,000 left on their existing mortgage and wished to release an additional £20,000 to truly enjoy their retirement. The idea of managing such a significant financial restructure felt complex.
“We really wanted to help our children, but also ensure our own financial comfort,” Alan explained. “We had the £30,000 mortgage to clear and needed £100,000 for the kids, plus £20,000 for us. It was a lot to juggle, and honestly, we felt a huge sense of relief when Later Life Finance showed us a clear path forward.”
Our expert advisers at Later Life Finance meticulously reviewed Sue and Alan’s financial situation and their generous intentions. We worked to find a tailored later life lending solution that provided the total funds they needed, allowing them to clear their outstanding mortgage, make the life-changing £100,000 gift to their children, and secure the additional £20,000 for their retirement enjoyment.
“It’s truly wonderful to see our children making progress with their own homes, and knowing we’ve got that extra buffer for our retirement is incredibly reassuring,” said Sue. “Later Life Finance understood exactly what we wanted to achieve and found a solution that made it all possible. We’re so relieved and excited for this next chapter.”
Case Study: Greg & Trish's Remortgage, New Kitchen & Garden Landscaping
Greg (62) and Trish (65), homeowners with a beautiful £700,000 property, had long envisioned updating their living space. A modern kitchen and a serene landscaped garden were at the top of their wish list. They knew a remortgage was the way to fund these dreams, but the thought of navigating the process at their age, and securing the right amount, felt like a significant hurdle.
“We needed to remortgage for £100,000,” Greg explained. “Specifically, £25,000 was earmarked for the kitchen, and £5,000 for the garden. We weren’t sure if a lender would be flexible enough to allow us to release funds for both, alongside our other financial needs. There was a real sense of relief when Later Life Finance stepped in.”
Our expert advisers at Later Life Finance understood Greg and Trish’s aspirations. We worked diligently to identify a later life lending solution that provided the full £100,000 remortgage, allowing them to proceed with their desired £25,000 kitchen renovation and the £5,000 garden project, while also addressing their broader financial requirements.
“It’s wonderful to see our home finally getting the updates we’ve always wanted,” said Trish. “Later Life Finance made the whole process straightforward and found us a solution that truly met all our needs. We can now enjoy our beautiful new kitchen and garden, all thanks to their tailored advice.”
Case Study: Alan & Sofia's Remortgage for Retirement Living
Alan and Sofia, proud owners of an £800,000 home, were approaching a significant milestone: Sofia’s 60th birthday. They envisioned celebrating with a dream cruise, and Alan had long yearned to restore his classic MG. On top of that, they wanted to ensure their retirement income was enhanced for greater comfort. They knew accessing their home’s equity was the key, but the idea of a large remortgage felt overwhelming.
“We really wanted to make Sofia’s 60th special with that cruise, and the MG restoration was a passion project,” Alan explained. “But we also needed to enhance our income for our retirement. We were looking to remortgage for £100,000, and honestly, we felt a huge sense of relief when Later Life Finance showed us how it could all be done.”
Our expert advisers at Later Life Finance meticulously assessed Alan and Sofia’s financial situation and their ambitious plans. We worked to find a later life lending solution that would provide the £100,000 they needed, allowing them to allocate funds towards their unforgettable 60th birthday cruise, Alan’s cherished MG restoration, and a strategy to enhance their long-term income.
“It’s incredible what a tailored solution can achieve,” said Sofia. “We’re so excited for the cruise, Alan’s already planning the MG project, and we feel much more secure about our income. Later Life Finance truly helped us turn our retirement dreams into a reality.”
A fantastic help changing my Lifetime Mortgage from AVIVA to Canada Life. It was quite a challenging task but he achieved it for me. I can't recommend him highly enough.
Who We Help
Later Life Finance help clients all over the UK with their Later Life Mortgage needs.
Lifetime 'remortgage' & a gift to family
Alan & Rosemary took out a lifetime mortgage in 2008 which was on a relatively high interest rate.
They asked us to review their options based on the current market rates and also enquired whether a further lump sum could be taken in order to gift their two daughters an early inheritance. One daughter is a single parent and the other daughter was planning an extension on her home. They felt both could benefit from a gift of equity, and the feeling was mutual when they met their daughters to discuss their intentions.
We researched the market and established a more competitive interest rate could be sourced, along with further funds for the gift to their daughters.
Due to the more competitive interest rate being secured and produce improvements over the past 10 years we were able to arrange a flexible lifetime mortgage which enabled monthly repayments to be made in order to maintain control of the interest.
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Financial Security, now & in the future
Janet, is a 67 year old widow. She lost her husband Martin 2 years ago. She lives in a mortgage-free semi detached property worth £350 000. Janet has a small income and a pension, but has been struggling with the recent cost of living increases and recently needed a new boiler, using up the last of her savings. Janet was reluctant to sell her home as she had lived there for 40 years with Martin and it held a lot of memories.
When Janet spoke to one of our advisers we explained all the options available to her. She borrowed £20,000, with a reserve facility of £30,000 that she can use if needed in the future. Janet is relieved to know that her financial future is secure.
