DECLARATION

Your Advisor

The mortgage you’re applying for takes you, or at least one of you if in joint names, past your 70th birthday. You’ve said that you intend to work beyond the current UK State Pension age, and your 70th birthday and/or until your mortgage is repaid. And you’ll be able to maintain your current level of income until the mortgage term ends.

You’ll be working until much later in life to pay off your mortgage. If you can’t keep working, or maintain your current income, your monthly mortgage payments may be unaffordable.

By signing this declaration, you confirm that:

1. You believe you can meet the mental and physical requirements of your role until your planned retirement age.

2. There are no planned job changes that would prevent you from working until your expected retirement age.

3. You’ve discussed and agreed a term with your mortgage adviser, which takes you past current UK State Pension age and your 70th birthday.

4. You understand you’re responsible for making your mortgage payments, even if your income falls when you retire. Your home could be at risk if you can’t keep up with your mortgage payments.

5. You understand the risks and responsibilities of working beyond the current UK State Pension age.

 

I/We have read the above and confirm that I/We have considered the implications fully and I/We are comfortable applying for a mortgage beyond the current UK State Pension age, and your 70th birthday.

 

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