Paying your mortgage in retirement

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With more and more people expecting to be paying a mortgage in later life it’s a good idea to have a think about how you’ll finance it and to check that your repayment plans are on track.
If you do plan to be paying your mortgage into your retirement, you should think about the following:
Review your finances
Regularly review your pension plans to make sure you will still to be able to afford your mortgage once you retire.

Pay off your mortgage early
You may want to consider making overpayments to help you pay your mortgage off early. You can do this by increasing your monthly mortgage repayments or making lump sum overpayments.
Get in touch to find out more about this option and we’ll explain how to do this. Most of our mortgage accounts allow up to 10% of the balance to be repaid without penalty each year.
Get independent advice
You may also want to consider getting advice on the options available to you when repaying a mortgage during retirement. Speak to your mortgage adviser or visit for free and impartial assistance.
Getting in touch
If you’ve any questions or concerns about repaying your mortgage now or in the future, call us on 0207 036 2012 or email us at [email protected]. We’ll be happy to help.

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