Newcastle Building Society - Home

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There are many reasons why someone in or approaching retirement may be looking for a new mortgage. 

We created our later life mortgages to help people in retirement get a mortgage without hassle. Our later life mortgages are tailored for those looking to borrow in and approaching retirement, offering benefits including:

  • Access to all interest only and repayment products in our portfolio
  • Ability to use income, including retirement income, up to age 80
  • Borrow up to 85% of the value of your new home (subject to product and policy terms)
  • Free, no obligation advice from our team of qualified mortgage advisers
  • A free standard valuation on properties up to £500k on selected products
  • Fee assisted mortgage products with a choice of cashback on selected products
  • 10% overpayments per annum
  • £499 monthly overpayment allowance on all products

A personal service

Throughout your mortgage journey with us, from helping with affordability through to issuing the application, you have one dedicated point of contact. All of our team are friendly and personable and you will have direct access to them.

Flexibility and individuality 

Your application isn’t reviewed by a computer; we have a team of underwriters who work closely with your mortgage adviser to review your personal situation and circumstances. This allows us to be flexible and efficient when making a decision.

Home insurance

SmartQuote is an easy and fast way to get a home insurance* quote. Answer five simple questions and SmartQuote does the rest. By using publicly available data sources, SmartQuote gives us all the information we need to give you a quote on the spot.

Getting started

Am I eligible for a later life mortgage?

You can apply for a later life mortgage with us if:

  • You are currently retired however are in receipt of a guaranteed pension, whether state, private or otherwise
  • You will retire before you have repaid your mortgage
  • You intend to work beyond anticipated state retirement age – we can consider those on an individual basis
  • Your mortgage will be repaid on or before 80 years of age  
How much could I borrow?

Our easy-to-use mortgage affordability calculator will help you get an idea of how much you could borrow by answering a few simple questions.

How much might my new mortgage cost?

If you want to know how much your monthly repayments might be, use our helpful mortgage repayment calculator to find out.

View our complete range of mortgages

View all our mortgages

YOUR MORTGAGE WILL BE SECURED ON YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Ready to arrange an appointment?

Complete our online form to book an appointment with one of our mortgage advisers.

Book an appointment

Let's talk

Speak to one of our friendly mortgage team about your options.

0345 601 5533

Our lines are open 8am - 6pm, Monday to Friday.

*Buildings and contents insurance is arranged by Newcastle Building Society and underwritten by Fairmead Insurance Limited (renamed from Legal & General Insurance Limited), part of the Liverpool Victoria General Insurance Group.  To get a quote and apply online you will be transferred to their website.  Their terms and conditions and cookie policy may differ from Newcastle Building Society’s so please read them carefully.