Plenty of mortgage options, also in retirement
There is no age limit for a mortgage. Whether you want to release your home equity, downsize or respond to a renewal proposal: with AOW and pension income more is possible than you might think. These are the calculations and information for seniors.
Calculate your options right away
Release home equity
Calculate how much equity you can release from your home, without moving. Including the effect on your monthly payments.
Maximum mortgage
Calculate in 2 minutes how much you can borrow for your dream home. Based on income, interest type and existing commitments.
Refinance your mortgage
In a few minutes, work out whether refinancing saves you money. Including the early repayment penalty, advice fees and your new monthly payments.
Monthly payments
Calculate your expected gross and net monthly payments, including the tax benefit of mortgage interest deduction.
Mortgage advice
Request a free, no-obligation advice consultation and discuss all your options with an independent mortgage adviser.
A mortgage with AOW or pension income
Providers apply no maximum age. They do calculate with your pension income: your AOW state pension plus your (future) pension benefits. If you are close to retirement, providers already look at the income you will have then. Calculate your maximum mortgage to see what is possible with your income.
Releasing home equity
Many seniors live in a home with substantial home equity. You can use it for a renovation, making your home more sustainable, topping up your pension or a gift to your children. There are several routes: increasing your mortgage, a second mortgage, or an equity release mortgage where the interest is added to the loan instead of paid monthly. Calculate your home equity and see how much room your home holds.
Interest-only and the end of your fixed-rate period
If you have an interest-only mortgage, at some point your fixed-rate period ends and you receive a renewal proposal. Don't just sign it: compare the proposal with today's rates and check whether refinancing or interest rate averaging works out better. Partially repaying your mortgage can also be attractive when your savings earn little.
Moving later in life
Downsizing or moving to a single-floor home? With the equity from your current home and a mortgage based on your pension income, a next home is often well within reach. Calculate your new monthly payments in advance, so you know exactly what changes each month.
Discuss it with an adviser, free of obligation
Releasing equity, renewing, refinancing or moving: which route is best depends on your income, your home and your wishes. In a free, no-obligation conversation an independent mortgage adviser lines up the options for you. Request a mortgage advice consultation.
Frequently asked questions about the mortgage for seniors
No. Providers apply no maximum age; they assess your application on your income, including AOW and pension. When you are close to retirement, they already take your future pension income into account.
By increasing your mortgage, taking out a second mortgage, or with an equity release mortgage where the interest is added to the loan instead of paid monthly. Which form fits depends on your income and what you want to use the money for.
A mortgage that lets you withdraw home equity without monthly interest payments: the interest is added to the debt. Your debt grows over time and the loan is repaid when the home is sold. It is a way to top up your pension while staying in your own home.
Your provider sends a renewal proposal. Always compare it with the current rates of other providers: refinancing, interest rate averaging or partial repayment may work out better. Start a few months in advance so you have time to switch.
Want to talk it through with an adviser?
Plan a conversation with an adviser near you. You'll simply hear what's possible, with no strings attached.