Later Life Mortgages

In the UK, we are enjoying increasingly longer life expectancy because of higher living standards and advances in healthcare. Combined with a declining birth rate, this means our population is ageing. According to the Office for National Statistics (ONS), in mid-2022 there were 1.7 million people in the UK aged 85 years or over. By mid-2047, that number is projected to nearly double to 3.3 million, accounting for 4.3% of the total population1,.

With increased life expectancy, it’s advisable, wherever possible, to factor potential care costs into any financial plans you have for the future.

Planning your finances in later life can involve a number of important decisions, particularly where your home and existing borrowing form part of your circumstances.

At Wealthwise Financial Solutions, we specialise in later life mortgage solutions. We can help you understand the borrowing options that may be available to you, including lifetime mortgages and other forms of later life lending where appropriate.

We will take the time to understand your circumstances, your property and what you are looking to achieve before explaining the mortgage options available. Where appropriate, we also encourage clients to involve family members in the process when considering longer term borrowing decisions.

Later life mortgages are not suitable for everyone and can affect the value of your estate and your entitlement to means tested benefits. We will explain the relevant features, risks and implications as part of the advice process.

If your requirements involve areas outside the services provided by Wealthwise Financial Solutions, we will make this clear so that you can obtain the appropriate specialist advice.

  • Equity Release
  • Protection
  • Mortgages
  • General Insurance
  • Later Life Mortgages
  • Useful Information
  • Mortgage Types
  • Pension Simplification
  • Your options at retirement
  • Personal and Stakeholder Pensions
  • Other Types of Pensions