Retirement Mortgages




Developments in the mortgage industry mean that later life mortgages such as equity release are becoming more and more popular.

At Howard Wright, we provide financial advice on the most suitable mortgages to suit your retirement needs.
Whether this is a fixed, variable, capped, or discounted Mortgage. Other features such as offset accounts will also be considered.

At Howard Wright will be remunerated from the mortgage provider which is usually 0.3% of the loan amount. For example, a Mortgage of £150,000 would result in a fee of £450 from the lender. Any costs will be confirmed to you before any business is transacted.
Your home may be repossessed if you do not keep up your mortgage payments.

Equity Release

Equity release is a product that allows individuals to unlock some of the equity within their property, usually to assist with covering expenditure shortfalls in their retirement.
Usually, no monthly payments are required, though interest will increase the outstanding debt each year. Both retirement interest-only and equity release mortgages are usually repaid when you sell your property, move into long term care or pass away.

Our team of Chartered advisers are fully qualified to help you in deciding whether these mortgages are suitable for you and if so, we have the sourcing systems in place to recommend the most suitable product for you.

At Howard Wright we charge a fixed fee of £3,000 for Equity Release advice.

This is a lifetime mortgage (home reversion scheme). To understand the features and risks, please ask us for a personalized illustration.


Retirement Interest Only

Retirement interest only mortgages, allow you to keep your interest only mortgage into retirement as long as you can afford the monthly payments.

Your circumstances may mean that you have not been able to clear debt prior to retiring and as such these can provide valuable breathing space, without having to sell your home.

Your home may be repossessed if you do not keep up repayments on your mortgage.

What to do next?

To discuss your Retirement Mortgage options with one of our Chartered Advisers, you can call us on 0345 688 4939 or fill in our enquiry form below, it only takes 20 seconds to complete.

Once you have completed this, one of our Chartered Advisers will then contact you as soon as possible, to discuss your Retirement Mortgage Options and arrange your free initial consultation.

We look forward to hearing from you and seeing how our advice can help you and your family.

“Howard Wright have been providing us with Financial planning advice for the past 4 years. During this time, Howard Wright have taken time to build a relationship based on trust, integrity and open honest two-way communication.

Our relationship manager is always on hand to answer queries and demonstrates a willingness to provide services and answer queries as quickly as possible – regardless of the time of day.

I would have no hesitation in recommending Howard Wright”


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0345 688 4939

Start planning your financial future today.

Book your free initial consultation with one of our Chartered advisers by simply clicking the button below.