Retirement mortgages

55yrs and over and struggling to find the finance you need?

Our flexible interest-only mortgage could be the answer. If you’re coming to the end of an interest-only mortgage deal, you may be facing a stark choice. Either sell your home, or use your hard-earned savings to repay the outstanding balance.

Our 55 Plus Interest-Only Mortgage is a flexible alternative. It could help you stay in your own home and keep your savings for a rainy day - or something more fun.

What’s different about our 55 Plus Interest-Only Mortgage? 

Shawbrook's interest-only mortgage lets you

    • Make additional overpayments at any time with no early repayment charge, reducing both your balance and the interest you pay
    • Repay the balance of the mortgage in full at any time without early repayment charges (for example, if you were to receive a pension lump sum or an inheritance).
    • Raise additional funds to pay for home improvements, a holiday, helping the kids or almost any other purpose.

Product Highlights

  • Stay in your home for up to an additional 15 years
  • Keep your savings and investments in place for longer
  • Raise additional funds
  • Fixed or variable rates available*
  • Complete flexibility to repay your mortgage in full at any time
  • Make additional overpayments to your mortgage

* Subject to our lending criteria.

** At the end of the Fixed Rate Period the interest rate will change to a variable interest rate, which may be varied at the discretion of Shawbrook Bank.

Product Highlights

More information 

For more information about the 55 Plus Interest-Only Mortgage please download our brochure, call us on 0330 123 4526 or email our team. Please remember that this is an interest-only mortgage.

If the balance is not repaid during the mortgage term, you will have to sell your property to repay the outstanding balance, unless an alternative payment method is arranged and agreed.

No early repayment charge 

If you’ve paid off your mortgage and need to raise money but find that your savings are tied up, our 55 Plus Interest-Only Mortgage could help.

Looking for a business mortgage?

If you’re looking for a mortgage or property finance for your business, we could be just what you need. The award winning Shawbrook product range supports experienced buy-to-let landlords, property investors, developers and SMEs. We can provide specialist options for those looking to borrow in a limited company, a LLP, or as an individual. See our Business mortgage pages for more information and how we can help you.

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A national network of professional intermediaries

Our mortgage products are available via a network of independent brokers - professional intermediaries whose job is to suggest the mortgage that’s best for you, and who can recommend products from any provider.

Although your application must be packaged and presented by an approved Shawbrook broker partner, we are happy to give you information about our products through this website, explain our products over the phone, or answer queries via email. So please feel free to get in touch.

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