Later Life Lending
Flexible mortgage solutions for clients aged 55 and over
These mortgages allow you to borrow or release equity later in life and Capricorn’s Later Life Lending service provides clear, specialist advice tailored to your long-term financial goals.
Our dedicated advisers help clients aged 55+ explore their options safely and confidently, whether you want to repay an existing loan, boost retirement income, assist family members, or simply enjoy greater financial freedom.
Our later life lending expertise
Since establishing our Later Life Lending proposition in 2019, we have supported clients with a wide range of later-life borrowing needs. We offer access to the full range of products available to professional intermediaries, including:
- Lifetime Mortgages
- Retirement Interest-Only (RIO) Mortgages
- Mainstream Residential Mortgages for older borrowers
Our aim is simple: to provide impartial, transparent advice and deliver a high-quality service, from the initial conversation through to post-completion support.
Capricorn Financial Mortgages is a proud member of the Equity Release Council.
What are your options?
Lifetime mortgages
For borrowers aged 55+, a Lifetime Mortgage allows you to release equity from your home while continuing to live there. Key features include:
- Secured by first legal charge, similar to a standard mortgage
- Interest is usually fixed for life
- You can choose to pay some, all, or none of the interest
- The loan, plus any rolled-up interest, is repaid when you (or the last borrower) pass away or move into long-term care
- Lending is based on age and property value, not income
Retirement Interest-Only mortgages (RIOs)
RIO mortgages function similarly to traditional interest-only products:
- You borrow a lump sum secured against your home
- You pay the interest monthly
- The loan is repaid when you die or move into care
- Assessed on retirement income, including sole-survivor affordability for joint applicants
- These are suitable for clients wanting structure, predictable payments, and a more conventional mortgage format later in life.
A lifetime mortgage is a long-term commitment and may affect your tax position, entitlement to means-tested benefits, and estate value. Releasing equity from your home may not be suitable for everyone. It is important to consider alternative options and seek independent financial and legal advice before proceeding.
Access to a broad panel of lenders
Later-life borrowing is a specialist area, and with Capricorn Financial Mortgages you benefit from access to a broad panel of lenders, clear explanations of every option, support throughout the entire process, and a long-term advisory relationship focused on your financial wellbeing – whether you’re exploring equity release for the first time or reviewing an existing mortgage. Whatever stage you are at – researching your options, planning a move, or needing immediate advice – we’d be delighted to assist.