Lifetime 55+ case study – The Lewis’s


Why Does This Case Work?

  • Age qualify because youngest borrower is 69 and a term of 20 years takes them to 89 which is within the 55+ mortgage criteria age range (based on the youngest borrower.)
  • Downsizing is an acceptable strategy because there is over £150k equity left in the property after the loan has been taken out.
  • Affordability works because both Mr & Mrs Smith have a good amount of income having both employment and retirement income, the defined pensions have a 50% spouses benefit on each meaning they could continue repayments in the events of their spouses demise.
  • As they both undertake part time administrative office based duties in their business roles we would consider it acceptable for them to work until age 80 and therefore can take this income fully into account when assessing affordability.


For more information about 55+ mortgages please contact one of our One Stop Finance Team Below



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