How Much Can I Borrow
How Much Can I Borrow
How much you can borrow will depend upon the value of your property and your age and health.
The percentage you can borrow will be based on the youngest applicant’s age. If you have medical problems you may be able to borrow a higher (Enhanced) percentage. The percentage offered will vary but as a guide we would expect the percentage to be in the region of:
Age 55 60 65 70 75 80 85+
Standard 21% 26% 30% 36% 41% 47% 52%
Enhanced 28% 34% 39% 45% 51% 55% 56%
So a 60 year old in good health with a £250,000 home could borrow up to £65,000 est. or if 75 year old with health issues or lifestyle factors like smoking they could borrow up to £127,500 est.
The providers will instruct a surveyor to give a professional valuation of your property. Some providers offer a free valuation.
