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Retirement

Sheena Mckerrell

Retired teacher
West Yorkshire
Mortgage Customer since 2011

Lending into Retirement

If you are a teacher approaching retirement or are already retired, our standard product range is available right up to the age of 83.

Please note: If you are currently employed but your mortgage term will take you into retirement, our standard product range is available up to 75% Loan-to-Value. If you are already retired, our standard product range is available up to 50% Loan-to-Value. 

​​Your Mortgage Options

Fixed Rate Mortgages

With a fixed rate mortgage, the interest rate that you pay will stay the same throughout the deal period - which is typically between 2 and 5 years. With a fixed rate mortgage, you will have the security of knowing that your monthly payments won't change, even if interest rates rise. 

To see our range of fixed rate mortgages, please click here

Variable Rate Mortgages

With a variable rate mortgage, the interest rate that you pay can go up or down at any time throughout your deal period. Variable rate mortgages often offer lower interest rates than fixed rate mortgages, but do not offer the security of knowing exactly how much your monthly mortgage payments will be. 

To see our range of variable rate mortgages, please click here.

Help to Buy

We understand that providing a sizeable deposit makes it difficult for many people to buy their first home or move from an existing property. With a Help to Buy Equity Loan, the Government lends you up to 20% of the cost of a new build home, meaning you only need a 5% deposit and a smaller mortgage to make up the rest. 

To read more about Help to Buy, please click here.

Shared Ownership

If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. 

To find out more about Shared Ownership, please click here.

Not sure?

For more information on the options available to you, you can request a free copy of our mortgage guide - packed with useful tips and an overview of the mortgage application process. ​Click here to find out more. Alternatively, you can ask us a question online and a member of our friendly team will email you back (usually within 1 working day).

Let us help you save

Make the most of your ISA allowance

An ISA is a tax-free account for your savings in which you can save up to £20,000 a year. We offer a wide range of competitive ISAs, including notice and easy access options. Click here to find out more.

Easy access savings

Benefit from an attractive interest rate whilst having the freedom to access your funds whenever you need them.

Click here to find out more about our Easy Saver.

Fixed Rate Bonds

If you're happy to lock away your savings for a set period of time, you could benefit from a competitive rate of interest.

Click here to find out more about our Fixed Rate Bond.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE