Mortgages which have ended

If you have an existing Interest Only mortgage which has ended, or is ending shortly, your current lender may have contacted you to discuss settlement of the capital balance.

We understand that this may be a concerning time for you and would like to help. If you are not ready to downsize or utilise another means of repayment, it may be possible to arrange a mortgage elsewhere with the new lender providing the funds to redeem your existing loan.

A new mortgage in later life

Whilst many of the larger high street banks and building societies restrict their lending to a maximum age aligned with retirement, there is still an abundance of choice for mortgages in later life.

Mortgages may be taken on a Capital Repayment basis or on Interest Only where certain lending criteria is met. There is also the option of a Retirement Interest Only mortgage which is only repaid when you pass away or move into long-term care. Our friendly experienced team will take the time to understand your current circumstances and future plans to advise on all of your available choices.

Joint Borrower Sole Proprietor - a possible solution for you

With a Joint Borrower Sole Proprietor mortgage, there will be (usually) one borrower who is the owner of the property (the proprietor) and another borrower who is not. The second borrower should be a family member in most cases, although with some lenders there may be the option of this being a friend, subject to criteria. The second borrower’s income will be used towards assessing the affordability for the new mortgage and, whilst traditionally this would be a parent on behalf of their child, today’s market permits a reversal of these roles.

With one particular lender, a younger applicant or applicants, may be added to their parents’ mortgage and, provided that the affordability for the mortgage is met by their income alone, the maximum term of the mortgage may be based on their age instead.

A new mortgage to repay your existing lender

We’ll search the market to find the borrowing you need. Fill out our short form and we’ll be in touch to explore your options.

I cannot praise Mike Newman enough for the superb service he provided in arranging our mortgage. I'd have absolutely no reservations about recommending his services. Thanks, Mike!

M.F & S.F Cardiff

First class service. Mike Newman is extremely good at his job, knows his products that best suit your needs, responds really quickly to your messages, great to speak to on the phone.

J.M Penzance

Mike was amazing! After being let down by my own bank, Mike sorted everything. The whole process went along without any problems at all. He was always on hand if ever I needed to ask anything and he kept in touch with me along the way! Absolute 5* service!

K.P Birmingham

A first rate, professional service. We were very impressed with Mike. He kept us fully informed at each stage of the process, answering our queries and making what some consider a complicated and stressful time absolutely painless.

P.R & S.R Fareham

Outstanding service. Mike was extremely polite, helpful and knowledgeable. Always kept in contact and replied to emails returned calls quick and efficiently. More than happy with the service.

A.P Birchington

We are so pleased that we decided to choose this company for finding a new mortgage. Communication and their patience at answering our queries was excellent. We will not hesitate to use Creative in the future.

G.R & R.R Norfolk

Absolutely excellent, from beginning to end I couldn't fault Mike and Natalie. On time, responsive, proactive and accurate. Also the respect and understanding they demonstrated was unexpected in this world today.

S.O & N.O Lyme Regis

New mortgage help from Creative Lending Solutions

Creative Lending Solutions can help by sourcing an appropriate lender for your circumstances, ensuring that their particular criteria requirements are met.

By understanding the unique requirements of one lender over another this better helps us recommend the most appropriate option to you; whether this is simply to obtain a more favourable deal, to raise additional borrowing or to make other changes to your mortgage arrangements.

We keep things as simple as possible and will be on hand at every step of the new mortgage process. We will complete the lender’s application form and forward them your supporting documentation. We will respond to the lender’s underwriter with answers to any questions they may have and to offer assurances where they may be required. Once your new mortgage offer has been issued, we will remain available for any questions you may have and for any changes that may be needed up until completion.

More great reasons to get in touch

Friendly, professional & convenient
Over 20 years’ industry experience
We value our customers
Same day pre-approvals
Full support provided
Jargon-free
Fast communication
Available weekdays until 7pm

Your home may be repossessed if you do not keep up repayments on your mortgage.