Financial Agent Solutions Ltd Office 4a, City view Offices, 99 Long St, Middleton Manchester, M24 6UN www.financialagent.co.uk

Mortgage/Lending Past Intended Retirement Age Declaration

First Client

Applicant (s) full names  

State retirement age  

Anticipated retirement age (if different)  

Loan amount  

Loan term  

Expected monthly payment  

Is this your residential property? YesNo 

Second Client

Applicant (s) full names  

State retirement age  

Anticipated retirement age (if different)  

Loan amount  

Loan term  

Expected monthly payment  

Is this your residential property? YesNo 

The term of the mortgage you have selected will extend beyond your state pension age of 66/67/68 and the intended retirement age(s) of (insert intended retirement age here) that you have disclosed in your mortgage/loan application.  This means that you will need to have sufficient income available after these ages or when you retire to be able to continue to meet your monthly mortgage repayments along with any other committed and living expenses.

It is important that you have considered how you will meet your monthly mortgage/loan repayment after you retire.  Please set out below your plans that will ensure your monthly repayments remain affordable beyond your retirement age.

If your plan includes using income from a pension(s) you should consider taking out independent financial advice to ensure your forecasted pension will provide sufficient income to meet your needs, before entering into the mortgage/loan.

Further information on repayment method:

Client Declaration

I/We confirm that the plan to repay the mortgage/loan is accurately described in the box above.
I/We understand
• ABC Mortgages Ltd have explained the risk factors of the mortgage running beyond the intended retirement age(s).
• ABC Mortgages Ltd have also provided details and figures based on a mortgage/loan term to co-inside with my/our intended retirement age(s).
• The term of the mortgage runs past my/our state and intended retirement age and I/we have confirmed continued affordability of the projected monthly payments after this date.
• It remains my/our responsibility to ensure that the monthly mortgage repayments remain affordable past the intended retirement age until full repayment of the loan.