With Retirement Interest Only Mortgages Halifax, you have the flexibility to finance your home in later life.
- Release tax-free equity from your house with Halifax or buy a new home in 2025
- Free valuation
- No product fees
- No lender fees
- Consider the Halifax Retirement Home Plan
- Buy a home or remortgage your home
- Low fixed rates of 5.33% – fixed for life
- No early repayment charges
- There is no need to make monthly repayments with some plans
Low fixed rates from a trusted brand.
How much can I borrow in 2025?
You can get 65% of your home’s valuation. For example, if your home is valued at £280,000, you can release £182,000.
Recent Reviews
William from Birmingham
My son knew a guy who owned six pubs. Because of successive COVID-19 lockdowns, he had to sell his holiday home in Cornwall quickly.
My equity release bought his flat at 35% under market value, and not only does my family have the shared use of a holiday home, but the rental income is also much more than the interest on the equity release.
The timing was great because my mortgage deal was nearing the end of its term, and the mortgage adviser suggested I get a mortgage suitable for my personal circumstances. The maximum age limits for the equity release scheme were not a problem, and there was no lender fee.
Mrs Heart from Aberdeen
I was struggling to make my mortgage repayments and had no money left for emergencies at the end of the month, let alone for saving for a holiday. I had investigated home reversion plans, but they did not appear to be the right solution.
Equity Release for older borrowers with no monthly repayments was precisely what I wanted, and the interest rate was very low. I was able to pay off my mortgage.
I live in an area where house prices are rising, so it’s wise to keep 100% ownership of my home. I am confident that my house price appreciation will be much bigger than my roll-up interest.
Looking at my new mortgage deal and other equity release plans from high street lenders, I am still confident I got the right mortgage deal, where my existing lender for my traditional mortgage could not help because of their lending criteria.
Mr Shaw from Bradford
I thought I would have to sell my home to repay my mortgage, since the bank wanted its money back, even though I could still make the monthly payments. With the money left, I could only afford a flat, and I would have been further away from my daughter and her children. Downsizing was a bad idea for me.
My lifetime mortgage was ideal for me, as I had no monthly repayments and could pay off my old mortgage. I saved the cost of moving to a new flat, only to end up paying to move to a place I did not want.
The no-negative-equity guarantee and assurances from the Equity Release Council were essential to me. I am better off each month and have some tax-free cash ready if repairs to the house are necessary.
I could not qualify for other mortgage deals because most lenders have an upper age limit for standard mortgages. I found the right deal after reviewing many lenders on my own, without a specialist broker.
My savings account is far healthier, and I save monthly from my regular income.
Mr Haworth from Leeds
I am healthy and have a good income from my later life pensions and other investments. I decided to release funds from my unencumbered home with a retirement interest-only mortgage (RIO mortgage) so I could upgrade my kitchen and bathroom and give my children money to help them move into bigger homes.
My credit history, maximum age limit issues and other eligibility criteria were not a problem.
I had no issues with the minimum or maximum age requirements or affordability. The interest rate was very low, like a prime conventional mortgage from a bank or building society.
The monthly payment was tiny compared with the rest of my outgoings. The whole process was authorised and regulated by the Financial Conduct Authority. Retirement mortgages at Halifax Bank were ideal for me.
The monthly interest payments are not an issue. An interest-only fixed-rate mortgage was precisely what I needed. I know it is a loan secured on my home, but it’s no problem.
Mrs Yardley from Sheffield
I had an old, tired car and an unreliable central heating system. Repair bills kept mounting, leaving me with less money for holidays and other lovely things.
A friend said I should consider ER, but I was put off by the horror stories of the roll-up/compounded interest destroying people’s homes.
When I did my homework and received independent financial advice, I found that equity release interest rates were meagre in 2025, and the negative press focused on people who had been taken advantage of with high rates in the past. Even if my house price only increased slightly, the roll-up interest would be covered.
The ER enabled me to get a nice 3-year-old car and a new boiler, so I was not wasting money on repairs all the time! The loan term was ideal for me.
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It’s common to find people looking for retirement income repayment mortgages, lifetime monthly payment mortgages, or home reversion schemes. However, national county building societies like Old Mutual Wealth are keen to see proof of your situation through pension statements.
Some lenders may require a company pension forecast, a state pension statement or an early repayment charge.
You can repay the loan with your pension income and make mortgage payments easily. You may or may not need to pay advisor fees.
ER percentages of your current property value – older mortgage borrowers
The older you are and the sicker you are, the more money you can release, but you could get cash quickly for your loved ones. You will need to make monthly interest repayments.
It’s an ideal product to pay off your current interest-only mortgage or standard residential mortgage. For many products, you may need to show evidence of your workplace pension to prove you can afford monthly payments.
Mortgage term UK Providers using the state pension statement as income proof
- Lifetime Mortgage from L&G after you move into long term care
- Pure Retirement Prudential Regulation Authority
- More to Life is secured in your home
- AIG Life mortgage lender from May 2025
What percentage can be released with a Halifax interest-only lifetime mortgage? Can I use an annuity statement?
- 60% interest only mortgage for over 55. The Exeter Equity Release
- 40% loan to value lifetime mortgages for pensioners Leeds Building Society
- 25% loan to value home reversion schemes United Trust Bank for a buy-to-let property
- Great deals for the over 70s in long-term care – Retirement interest only mortgage rates 2025 are looking very positive
- Excellent rates for the over 65s with no capital repayments with a flexible end date
- Halifax interest-only mortgage rates start at around 3% with no early repayment charges
- 70% LTV over 65 mortgages with 5-year or 2 years discount rates
The 1st and 2nd charge lenders will want to know if the property is a Detached freehold house or a Leasehold flat and if the occupier is an AST Tenant.
Suppose you have an outstanding mortgage and want more financial freedom. In that case, the best Rio mortgage deals from Rio mortgage providers, where you pay interest at a fixed interest rate, are offered by major providers like Halifax.
Lenders and their products for UK Equity Release are similar to Halifax mortgages for over 70s
It is expected to encounter individuals seeking lifetime monthly payment mortgages, lump-sum lifetime mortgages, or monthly payment retirement interest-only mortgage schemes. However, like Royal London’s interest-only mortgage, Bower is eager to see evidence of your circumstances through bank statements and an affordability assessment.
- Canada Life Equity Release Plans retirement mortgage interest repayments
- Halifax Mortgages for over 70s with monthly payments a suitable Rio mortgage
- Just Retirement Equity Release Schemes or mortgage options
- Liverpool Victoria LV Equity Release Schemes where older mortgage borrowers prove
- Pure Retirement Drawdown Plan long-term family building society interest payments
- Remortgage calculator Halifax shows Rio mortgage rates uk
- Halifax offers some of the best lifetime mortgage rates and loan-to-value ratio, while having a good range of allowed retirement income sources
- Nationwide Interest Only Lifetime Mortgage equity release products
- Saga state pension Equity Release Plans – later life lending allows you to borrow money based on the value of your property
- Hodge Equity Release Plans no maximum age with a defined benefit pension
- More to Life Tailored Choice Plan – mortgage type before you die or move into long-term care
- Halifax retirement home plan – borrow money with no interest repayments
- Lloyds Bank Equity Release repayments on your mortgage – borrowing money at a low rate
- More to Life Tailored Choice Plan end-of-term mail residence with no affordability checks
- Lifetime mortgages for pensioners’ second home with an affordability assessment
- More to Life Capital Choice Plus Plan with an enhanced death benefit
- Pure Retirement Building Society Schemes with an award from the Mortgage Market review
- HSBC older people Equity Release Schemes al loans secured on your home
- Halifax mortgages for over 70s are similar to a standard interest only mortgage
- Retirement interest only mortgage to keep up repayments on your mortgage
- UK Over 60 interest only mortgage without a fixed term
- More to Life Flexi Choice Voluntary Payment Super Lite- retirement interest-only mortgages
- Later life mortgages and retirement interest-only mortgages use the Prudential Regulation Authority and are regulated by the FCA
Is a Halifax Lifetime Mortgage a low rate, better than local building societies?
Yes, a Halifax Lifetime Mortgage is a very low rate, 2.97% MER fixed for life.
- Halifax mortgages for over 65s flexible mortgage products
- Over 60 interest only mortgage for home improvements
- Interest only mortgage over 60 mortgage lenders
- Interest only mortgage over 55 roll-up no guarantor mortgage
- Age Partnership Equity Release with no interest each month
- Equity Release Halifax with a great mortgage rate
- Fixed rate mortgages at competitive interest rates with UK lenders lower monthly payments
- Lloyds bank retirement interest only mortgages vs. Halifax release equity is a big issue in May 2025
- Are your means tested benefits not enough for your secured loans? Consider a mortgage application with a key advantage.
- The Bank of Scotland PLC primary benefit maximum loan will vary depending on your financial commitments.
Pitfalls of a Fixed-rate mortgage Halifax interest-only lifetime mortgage when you are in your 70s – building societies products that accept investment income.
Lump-sum lifetime mortgages can reduce your estate value. Lump-sum lifetime mortgages may affect eligibility for benefits. You may need to pay legal fees, and some products expose you to interest rate changes. Getting a mortgage will involve studying age restrictions and different limits, and receiving a personalised service based on your monthly income.
Applications of Interest Only Lifetime Mortgages in your 65s – A Halifax lifetime mortgage – Halifax mortgages for over 65s
Often used to manage inheritance tax bills and interest rates can be quite low. Buy a family member’s home without a mortgage or pay down your credit cards and loans so you have more monthly disposable income.
Do you have a pensioner home plan? Are interest payments due? What about a Halifax second home mortgage?
The Halifax retirement home plan can be an excellent value for people looking to have a comfortable retirement in their existing home or maybe a new home. Also, consider retirement interest-only Rio deals.
Proper mortgage advice will clarify that you can only get a standard mortgage if you can fund the mortgage repayments across the entire loan term.
Alternatives to a Halifax Retirement Interest Only Mortgage Rates
- Crown Equity Release Scheme with a long mortgage term
- Direct Lender Mortgage Loans – Updated For May 2025
- More to Life Equity Release Drawdown to repay your outstanding balance
- Lloyds Lifetime Mortgage No Payments for people approaching retirement
Alternatives to a Lifetime Mortgage Halifax
- Bad Credit Remortgage UK is the best mortgage for 2025
- Prudential Equity Release Scheme and afford the repayments without the help of family members
- Liverpool Victoria Lv= Lv Lifetime Mortgage No Payments using earned income
- Nationwide Retirement Mortgage House, which is a good deal compared with other lenders
- Halifax Lifetime Mortgages 2025 with better rates than smaller lenders
Alternatives to a Halifax Retirement Mortgage so you don’t have to pay rent
- NatWest Equity Release with a significant amount of poor credit score
- Santander RIO Mortgage rates 2025 the best deal for people with a regular salary
- Equity Release Under 55 with no set rule term lengths
- Norwich Union Equity Release From House is a specialist mortgage with many options available
- Nationwide Lifetime Mortgage Reviews
Alternatives to Halifax Retirement Mortgages – standard interest-only mortgages
- Retirement interest-only mortgages in Northern Ireland
- Rm Secured Direct Lending
- Key Solutions Lifetime Mortgage Scheme
- Interest-Only Mortgages For Over 60-Year-Olds
- Age Partnership UK Interest Rates 2025
Does the Halifax have early repayment fees?
After retirement age, your financial adviser will tell you there are no early redemption charges.
- Barclays Lifetime Mortgage Interest Only Rates
- Nationwide Equity Release Advice
- More to Life Lifetime Mortgage Maximum Ltv
- Secured Loan Against Buy To Let Property
Mortgage For Pensioners
Metro Bank Equity Release
Does Halifax do an Equity Release with flexible lending criteria?
Yes, RIO mortgages in Northern Ireland are 2.87% APR.
Pensioner Mortgages
Equity Release Yorkshire Building Society YBS
Metro Bank Lifetime Mortgage
Yorkshire Bank Equity Release Scheme
Does Halifax do Pensioner Mortgages on existing property?
Yes, Halifax Pensioner Mortgages have an APR of 5.99%. The retirement interest-only mortgage calculator will help you determine your borrowing limit and monthly payments.
YB-Yorkshire Bank Lifetime Mortgage
Legal & General Lifetime Mortgage
Retirement Mortgages Halifax for retirement property
Pensioners can access some of the lowest rates in the market, as they are considered to be very low risk.
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Does Halifax offer Retirement Mortgages like other private banks?
Yes, Halifax Retirement Mortgages are 2.91% MER. They are ideal for people aged 70 and don’t have a fixed term like some 15-year or 25-year deals. A Halifax retirement mortgage has flexible age requirements and very low interest rates.
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Is a Halifax retirement interest-only mortgage easy to apply for?
Yes, a Halifax retirement interest-only mortgage needs proof of income and a few other details. They are similar to a standard mortgage with a substantial deposit, but they allow you to release equity. The best retirement interest-only mortgages from Halifax can be a very low overall cost.
Does Halifax offer Equity Release Under 55?
Yes, RIO mortgages in Northern Ireland Under 55 is 3.19% APRC.
Contact the Halifax for Halifax Later Life Mortgages
Write to Halifax, PO Box 548, Leeds, LS1 1WU.
Halifax can offer some finance to pensioners/retired people, including equity release and lifetime mortgages.
Is a Halifax mortgage for over 70s a good deal?
Yes, a Halifax mortgage for people over 70 can offer a low rate, with no fees and a free valuation. Halifax later-life mortgages are a similar product and were introduced in 2025. A Halifax interest-only lifetime mortgage can be highly valuable. Interest-only mortgages for people over 65 can have a very low overall cost.
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Does Halifax offer lifetime mortgages as well as a mortgage for people over 65?
Yes, Halifax does lifetime mortgages at 2.9% APR. Halifax Lifetime Mortgages can have a loan-to-value (ltv) of 60%. Retirement mortgages in Halifax can offer a meagre rate and a low overall cost – Updated for May 2025.
Frequent Finance has no links to the FCA website, registration, or company numbers. Interest-only mortgages for pensioners are available for those with a pension income.
How does the RIO mortgage work – an interest-only mortgage for the 70s?
It’s a standard interest-only mortgage, similar to the ones in 2005. Interest-only mortgages for over-65s have strong reviews and can help pensioners move to a better home.
What if I enter long-term care?
Your house needs to be sold unless you can continue to pay the interest. Interest-only mortgages for pensioners are prevalent for people over 55 with provable income.
Are Halifax mortgages for over 60s a good deal for UK pensioners?
Yes, the rates are low, and the other costs are low or free. A pensioner can use Halifax mortgages for the over 60s to move home and buy another home, or they can be used to release home equity. Another popular product is Halifax later life mortgages. The mortgage is repaid when the property is sold.
Are interest-only mortgages for pensioners a good idea?
With no broker or lender fees and a free valuation, interest-only mortgages for pensioners are an excellent product for retired homeowners to raise money for anything, including the purchase of a holiday home. Halifax bs interest rates are very low.
- Still, have a mortgage? We can help with that – the Halifax mortgage age limit is no problem.
- Could be used to manage inheritance tax bills – Halifax retirement interest-only mortgage rates are still meagre interest rate
Can you get a mortgage at 72?
Yes, you can. There is a massive demand for a mortgage of over 70 from UK retired homeowners. Some people would like to see more lenders with no completion fee.
Can I get a mortgage at 75 years old?
Yes, today the big banks are much more concerned about your income, not your age. You can still get on the property ladder at 75 years old.
Can I get a mortgage if I am over 70?
Yes, offers include nationwide mortgages for individuals over 70, as well as mortgages from Santander, HSBC, and Barclays for people over 70.
Can you get a mortgage if you are over 70?
Yes, many mainstream lenders have removed the upper age limits and are only concerned with your personal income with a pensioner mortgage. Some lenders offer no application or valuation fees.
Can I get a mortgage at 70 UK?
Yes, subject to your personal income, you can get a retirement interest-only mortgage. These are very similar to the interest only mortgages that were available in the 2000s.
Can you get a mortgage when you are 75?
Yes, the maximum age for a mortgage in the UK has now changed with many lenders. It’s all about your income, not your age.
Can a 70-year-old man get a 30-year mortgage?
Yes, the mortgage maximum age of 85 was typical previously, but many lenders have now removed it.
Can I get a mortgage at 75 years old?
Yes, they can. Many lenders have now dropped the 35-year mortgage age limit, and it all comes down to your income. With two borrowers, it could come down to the lower earner’s income.
Is there a maximum mortgage age limit?
With many lenders, this age limit has now disappeared. It’s all assessed by affordability, and a set end date is less common. Look out for the lender Financial Conduct Authority FCA compliance.
What must I do to take out a mortgage if I’m over 70?
You need to be able to support the interest-only monthly payments required by mortgage providers. An independent mortgage broker can help you assess your financial standing and annual income, and provide independent advice on additional borrowing.
Do lenders have a maximum age limit for mortgages?
Some lenders still do, but the trend is to consider a person’s ability to pay rather than an arbitrary number. Consult mortgage advisers for the latest news on a retirement interest-only mortgage.
What mortgages can a pensioner get?
They can get RIO mortgages or lifetime mortgages. You need to make a monthly payment with RIO mortgages, while with a lifetime mortgage, there are no monthly repayments.
Can you get an interest-only mortgage if you are retired?
The retirement interest-only mortgage affordability calculator will help you determine if you can get a mortgage. Today, it’s less about age and more about income.
What is the max LTV for retirement interest-only mortgages?
The best retirement interest-only mortgage rates usually have a loan-to-value ratio of up to 60%, but some lenders are willing to lend up to 75% LTV.
Can you have a lifetime interest-only mortgage?
Yes, there are many providers of retirement interest-only mortgages. To find a representative sample of lenders, look for lender intermediaries.
What is a retirement interest-only mortgage?
It is very similar to a regular interest-only mortgage for younger people.
Who can get a retirement interest-only mortgage?
Put simply, pensioners with sufficient personal income. If you are unsure about your long-term income, you are among the many debating retirement interest-only mortgage vs. equity release options!
Can I get an RIO mortgage with bad credit?
Yes, many RIO lenders lend to pensioners with some past credit issues.
What if I already have an interest-only mortgage?
You can pay off your existing mortgage if you want to remortgage to a RIO mortgage.
How Flexible Is a Retirement Interest-Only Mortgage?
Many lenders have very flexible products, with no redemption penalties and a free valuation.
Should I Choose a Retirement Interest-Only (RIO) Mortgage?
Yes, they do suit the circumstances of many pensioners. A lender that’s part of the Building Societies Association is preferable.
What is a retirement interest-only mortgage?
It is very similar to a standard interest-only mortgage but usually has a fixed rate rather than a standard variable rate.
Does Halifax offer retirement remortgages for over 60s?
A Halifax retirement remortgage over 60 is 3.48% MER fixed for life.
Does Halifax have pensioner remortgages for people over 60?
Yes, a Halifax pensioner remortgage for people over 60 is 5.01% APRC fixed for life.
Does Halifax offer a later-life remortgage for over-60s?
Yes, Halifax’s later life remortgages for over-60s are available at a 3.11% MER variable rate.
Does Halifax offer the best remortgage for retired over 60?
Yes, Halifax has the best remortgages for over 60s are 3.27% APRC fixed.
Does Halifax offer a remortgaging option for retired homeowners over 60?
Yes, Halifax offers remortgaging options for the over 60s at a 3.92% MER fixed rate.
Does Halifax do a mortgage calculator for retired homeowners over 60?
Yes, Halifax mortgage calculators for the over-60s show a 3.71% MER fixed-for-life rate.
Does Halifax offer a RIO mortgage for pensioners aged 60 or over?
Yes, Halifax RIO mortgages for over-60s are available at a 3.08% MER fixed rate. A lifetime mortgage Halifax could be another popular product.
Does Halifax have a retirement interest-only mortgage for people over 60?
Yes, Halifax retirement interest-only mortgages for those over 60 have a 3.47% MER variable.
I have an existing interest-only mortgage on my primary residence. Can I get a retirement remortgage?
Yes, as long as your application is over the minimum loan amount, the loan is for your primary residence, and you are not self-employed, retirement interest-only remortgages could be ideal.
I want to gift money from my primary residence to a family member for their new property. Could this be a good idea?
Yes, if a family member is moving home, there could be more choices for them if you look at retirement interest-only mortgages on your own home. Plus, you might be able to save on inheritance tax.
Halifax Interest-Only Retirement Mortgages from December 2025
Because Halifax Interest Only Retirement Mortgages have been so popular in 2023 and 2025, the product will be extended into 2025.
Is a Halifax Mortgage for over 70 going to be popular in 2025?
Based on demand in 2025, Halifax mortgages for people over 70 will likely be very popular, and a new Halifax lifetime mortgage product will be highly rated. Lower rates on Halifax Mortgages for people over 60 will feature in the market and overtake equity releases.