01482 841123
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Later Life Lending

Professional Mortgage Advice

Lending into later life

Borrowing into later life is becoming more and more popular following the introduction of a range of products designed specifically to meet the most common needs of those over 55.

If you would like to stay in your home or even buy a new home for later life, our advisers are on hand to do a full consultation and advise the best route.

RETIREMENT INTEREST ONLY 

A Retirement Interest Only Mortgage is where your monthly payments only pay off the interest on the mortgage. The capital is usually repaid when the last borrower moves into long-term care or dies, and your home is sold. If there is any money left over, this is usually passed on to the people you name in your will.

CAPITAL REPAYMENT OR INTEREST ONLY

Sometimes it is possible to extend the mortgage term of a traditional capital repayment Mortgage past retirement age to meet the needs of later life. Depending on the lender’s criteria, it may also be possible to arrange a traditional Interest Only Mortgage where your monthly payments would only cover the interest of the mortgage.

EQUITY RELEASE & LIFETIME MORTGAGES

Equity release is a lifetime mortgage. This type of mortgage is typically used to unlock the value built up in your home and release it as a tax-free lump sum. It’s important to note that Equity Release will reduce the value of your estate and may affect your entitlement to means-tested benefits.

Equity Release services are referred to a third party. Millennium Mortgages are not responsible for the service received.

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

Samie KirkSamie Kirk
19:22 16 Aug 22
I would highly recommend Mark with Millennium Mortgages.He was very professional & patient regarding searches been carried out.He also put me at ease With his friendly manner.
Stu RussellStu Russell
19:55 20 Jul 22
Mark could not have been more helpful. He’s extremely knowledgeable in everything mortgage related and genuinely wants what is best for his customer. An absolute pleasure to deal with. Thank you Mark
Ash GloverAsh Glover
07:56 13 Jul 22
Excellent service from the company in order to find myself a suitable mortgage. Mike was very effective in his communication and attentiveness to ensure the process was very smooth. Will definitely be using them for future services.
Laura WhitingLaura Whiting
06:30 24 May 22
Mark is absolutely brilliant! Explains everything in easy to understand ways (much needed when you are clueless in financial / mortgage matters). Really friendly and helpful. The whole process of re mortgaging my house and changing mortgage type was so simple with marks help and absolutely stress free !! Highly recommend!!
simon forthsimon forth
17:04 05 May 22
Excellent service again from Mark, would recommend Millennium Mortgages 100%.Mark has arranged all my mortgages since 1996. I wouldn't go anywhere else.Recommended him to friends and family and they too have had their mortgages arranged by him.
Lisa GarnerLisa Garner
09:02 04 May 22
We have used Mark at Millennium mortgages for years. He always goes out of his way to find the best deals, would never go anywhere else now. Would highly recommend 👍
Joseph BarkhoJoseph Barkho
16:30 06 Apr 22
Great service from Mark, really explored all the options for myself. i could not recommend highly. Thanks again
Duncan CollieDuncan Collie
11:49 06 Apr 22
Mark has been superb. As a first time buyer, I had no idea what I was doing and and so was getting pressured by the estate agent. I was recommended Millenium Mortgages by a friend after trying to do everything myself and not getting very far, very fast. Mark has been quick and supportive keeping me informed every step of the way. I highly recommend this company and would now not consider anyone else if I went through this process again.
Chirality Ink Ltd.Chirality Ink Ltd.
17:29 23 Mar 22
Mark and his team are very thorough and professional.We used him initially after recommendation from my accountant, and haven't regretted it for a moment.Not only am I certain he's saved me money, but time, which is a huge commodity for me as I don't have a lot of it to spar, and Mark literally took out every piece of legwork.After our second round of business, I'm as impressed as the first time and would not hesitate for a second to recommend him and his team to anyone.If I could give more than 5 stars, I would.
Alison TrumanAlison Truman
14:29 16 Mar 22
We've had such a great experience working with Mark at Millennium Mortgages. As first time buyers, we were apprehensive about the process, but Mark explained everything really clearly and put our minds at ease. He was so personable in his approach which immediately made my husband and I feel comfortable about working with him and we knew he'd find the best deal to suit our needs! The process has been very straight forward so far, thanks to Mark's professionalism and proactive attitude. We really appreciated all of his help and guidance throughout, and we would highly recommend his services to anyone looking for a mortgage advisor! Thanks for everything Mark 👍🏻
Callum WhiteCallum White
18:53 14 Mar 22
Mark came recommended by a friend and he was definitely worth it. He is friendly, professional and very quick. I would recommend him to anyone looking for a broker to take the hassle out of finding a mortgage.
Joe WilemanJoe Wileman
14:58 22 Feb 22
Top quality service provided by Mark yet again. He doesn’t stop until he’s found the best deals for his customers and constantly keeps you updated with progression. Could not recommend him higher.
Edward SwiftEdward Swift
22:03 11 Feb 22
What can I say other than amazing service.This is the second time Mark has secured a new mortgage for me on 2 separate houses in different financial climates, both of which were secured without hassle.Mark is an expert in his field who only provides the best products to suit your individual needs. I was provided several different mortgage products from various lenders of which he took the time to explain, thus allowing me to make an informed decision in factors such as; duration of mortgage, monthly cost and fixed rate percentage, all of which has resulted in the most secure product and capital repayment options on my property.Don’t bother with online comparison sites, as to ensure the very best results a Mortgage Broker is the only option I would trust.Thanks again Mark for securing another dream home.
Eileen WalkerEileen Walker
17:09 10 Feb 22
I couldn’t wish for anyone better to help my grandson get on the property ladder. Mark is very informative, explaining everything clearly. His pleasant manner makes asking questions easy! Thank you Mark.
H “H” YoungH “H” Young
10:03 13 Jan 22
Couldn't recommend them more, quick, efficient and go above and beyond to get you a mortgage specific to your needs. Mark was extremely helpful through all stages of the application process and kept us well informed through each stage the process. I will 100% be using them again in the future.
Div Lad DLDiv Lad DL
10:48 09 Jan 22
We have used Millennium Mortgages for a number of years. On each occasion they have been kind, courteous and professional. We have found that everything is explained well and easy to understand. Once we have decided on the product, the process is seamless. We would definitely recommend Millennium Mortgages to family and friends.
Robert NaismithRobert Naismith
19:11 02 Dec 21
If you are not sure who to use to arrange your mortgage, then Mark with Millennium Mortgages is who you need. We’ve used him twice now and both times my wife and I have had a very professional and efficient service from Mark who made the process stress free, which is what is needed as arranging and sorting mortgages is no easy task. Highly recommend their services.
Bruno LeiaBruno Leia
10:48 28 Nov 21
After contacting some recommended states agents and lose all my hopes of getting a mortgage, a friend of mine gave me Millennium Mortgage contract details and from the very first day that contracted them, I've never been forgotten. Particularly the guy called Mike Plaster, full of attention, always updates you, tried his best to find a better deal, not allow you to panic and at the mean time helping to find a life insurance, building insurance and lastly absolutely friendly. Well done Millennium to providing as a nice member of your staff. I finally got my mortgage and if you're struggling to find a mortgage or lender I strongly recommend Millennium Mortgages. Thank you
AbiAbi
20:12 12 Oct 21
I would highly recommend Millennium Mortgages. Mike provided excellent service customer from initial enquiry through to completion. His knowledge and professional approach gave me 100% confidence throughout. Mike ensured that I was kept fully updated during each stage, and was on hand if I had any questions. I will definitely be using them in the future.
Jessica WayJessica Way
20:19 11 Mar 21
Exceptional service from a highly knowledgeable professional. Fast, simple and easy with no hidden agenda. Mike was very precise and made us feel 100% comfortable. Very friendly and informative. Would highly recommend and hope to deal with the company again in the future. Thank you so much for making this process exceedingly straightforward.
Ronan FergusonRonan Ferguson
20:36 12 Nov 20
As a first time buyer, I can't say just how helpful this company has been in guiding us through the process. Very responsive, open and honest throughout. Buying a house can be stressful, but these guys have been a pleasure to work with
Millennium Mortgages really made the mortgage process as easy as possible for us. Mike explained everything in simple terms and was always responsive whenever we needed anything at all. Given the pandemic, finding a mortgage was more stressful than usual and Mike managed to find us the best deal possible, given our situation. Highly recommend.
Richard Frank NicolRichard Frank Nicol
11:40 16 Sep 20
Mike did a brilliant job moving me to a better deal with Nationwide. Very professional and super fast at sorting everything. Highly recommended 👌
Lewis WrightLewis Wright
08:14 08 Jul 20
I highly recommend this mortgage broker. They are professional and responsive throughout the process and take their time to explain the sometimes complicated world of mortgages. By using this broker we managed to find a deal which works the best for our situation as well saving money both in the short and long term. 10 out of 10 for professional conduct, efficiency, communication and value.
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By submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

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

Our fees and charges vary depending on the Services we provide to you.
We charge an upfront fee of £49 and a further fee of up to £450 payable upon completion.
Our typical fee is £199.
We will also be paid commission from the lender.
We will provide you with full written details of the basis upon which we will be paid for the Services we provide. This could include a payment from your mortgage provider and/or a fee we will charge you.
We will not commence any substantive work for which we will charge you a fee until we have agreed the applicable fee with you and such fee is recorded in a binding Client Fee Agreement.
We will not exceed any limits on any fee set out in the Client Fee Agreement without your Agreement.
We will advise if it is appropriate to pay fees or charges in connection with the mortgage up front as opposed to adding them to the sum advanced under the mortgage contract. We will not commit you to an application for a mortgage where a fee or charge of any kind (receivable by our Firm or another party) is to be added to the sum advanced, unless you have made a positive choice to add the fee or charge to the sum advanced.