Can my Income Booster be retired?
Yes, your income booster could be retired, but you would need to factor in the below information.
What is the maximum age an Income Booster can be?
At the end of the mortgage term, the maximum age an income booster can be is 85 years old.
Our minimum mortgage term is 5 years.
What income can you accept for a retired Income Booster?
We can accept the following income types for retired income boosters:
Pension income (including state pension, private pension and SIPP)
With all income types, we would need to see evidence of this income, through documentation.
We will take your circumstances into consideration, but in some instances, we may not be able to accept your income type.
It's best to check with the team if you're unsure. You can chat with us over email or live chat.
You can read more about income boosters here.