Specialist advice for borrowing in later life.
Later Life Lending
We help you explore your options clearly, from retirement mortgages to equity release.
What is Later Life Lending?
Later Life Lending covers a range of options for homeowners at different stages of life - whether in their 50s, 60s, 70s, 80s or beyond - who are looking to remortgage, raise funds or plan ahead.
This can include mortgages that run into retirement, retirement interest-only (RIO) mortgages, and lifetime mortgages (equity release), depending on your circumstances.
Later life mortgage options
Mortgages into Retirement
Retirement Interest-Only (RIO) Mortgages
Retirement Interest-Only (RIO) Mortgages
Standard mortgages that continue into retirement, based on income such as pensions.
Retirement Interest-Only (RIO) Mortgages
Retirement Interest-Only (RIO) Mortgages
Retirement Interest-Only (RIO) Mortgages
Monthly payments cover the interest, with no set term and the loan repaid when the property is sold.
Lifetime Mortgages (Equity Release)
Retirement Interest-Only (RIO) Mortgages
Lifetime Mortgages (Equity Release)
Typically no monthly repayments, with no set term and the loan repaid when the property is sold.
Who this is for
Later life lending can be suitable for a range of situations, including:
- Homeowners aged 50+ exploring their borrowing options
- Those looking to remortgage or review their current mortgage
- Clients wanting to reduce monthly payments or improve flexibility
- People considering retirement interest-only or equity release
- Families looking to support children or make financial gifts
- Those planning ahead for later life or future care needs
How it works
We’ll guide you through each step at a pace that suits you, ensuring everything is clear and fully understood.
A relaxed discussion to understand your circumstances, plans and priorities.
We take the time to review your income, property and future plans in detail.
We explain the available options clearly, including the advantages and considerations of each.
You’ll receive advice based on your circumstances, with everything explained in plain English.
We manage the process with the lender and keep things progressing smoothly.
We support you through to completion and remain available for any questions along the way.
Important considerations
Your future plans
Flexibility and control
Impact on your estate
How borrowing now fits with your long-term plans, including staying in your home or downsizing. .
Impact on your estate
Flexibility and control
Impact on your estate
Some options may reduce the value of your estate and the inheritance you leave behind.
Flexibility and control
Flexibility and control
Flexibility and control
Different products offer varying levels of flexibility, including repayment options and early repayment terms.
Long-term affordability
Long-term affordability
Flexibility and control
Ensuring any borrowing remains sustainable over time, particularly if your income changes.
Family involvement
Long-term affordability
Family involvement
In many cases, it can be helpful to involve family members in the discussion and decision-making process.
Let’s talk through your options
Prefer a more personal approach?
We’re based in Dorset and happy to meet locally, including home visits, or arrange a call at a time that suits you.
Message us on WhatsApp
Harbour Home Finance
Brooke House, Oakley Hill, Poole, Dorset BH21 1RJ
Prefer to speak directly? Call 01202 925365 Email: hello@harbourhomefinance.co.uk
Office Hours (appointments available outside these times by arrangement)
Open today | 09:00 – 17:00 |
Equity release plans are not right for everyone and it is important that you fully consider your options and receive impartial financial advice before making a decision. It is also important that, if you do decide to use an equity release product, you need to be sure it is one that meets your needs. If you would like to end your lifetime mortgage early, then you may have to pay a substantial early repayment charge. A professional adviser can help you to choose the plan that is right for you. To understand the features and risks, ask for a personalised illustration.
Harbour Home Finance Ltd an Appointed Representative of Connect IFA Limited which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 1053423. The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Your property may be repossessed if you do not keep up repayments on your mortgage. There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £1,495 or 1% of the loan amount. Harbour Home Finance is registered in England & Wales under number 17008189. Registered address Brooke house, oakley Hill, Poole, United Kingdon, BH21 1RJ. Not all services we offer are covered by the FCA. Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement. © 2026 Harbour Home Finance. All rights reserved.