What a retirement mortgage costs each month

A retirement mortgage is a normal repayment mortgage that runs into your later years, up to a lender maximum age. Unlike a lifetime mortgage you make monthly payments, so the balance goes down rather than up. This tool shows the monthly cost and the total you would repay over the term.

Amount you want to borrow (£)

Interest rate (% per year)

Term in years

Couples are assessed on the older borrower for the maximum age limit. Many lenders cap the term at age 80 to 85.

Repayment breakdown

Item	Amount

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