Secured Loans for Pensioners & The Retired

It’s not always easy finding finance in later life. If you’re a pensioner or a retiree over 50, you may have struggled to get a loan from the usual high street lenders. Many lenders consider older people a higher risk, but at Willows Finance LTD we take the time to get to know you and your circumstances before we reach a lending decision.

How Willows help

If you’re retired and aged 50 to 85, we may be able to help you to access the money you need. We find secured loans for pensioners based on pension income from state pensions and other sources. We can also secure loans on a range of benefits including disability living allowance. Talk to our team about your situation today to find out how Willows can help you, even if you have an adverse credit rating.

We source Secured loans for retired people which offer:

  • Loans up to your 85 th birthday
  • Pension income accepted
  • Benefits and disability liven allowance accepted
  • Parent / Child applications accepted (subject to both parties benefiting)
  • Alternative to equity release products

Age is just a number

We source loans for adults of all ages. Whether you’re 27 or 77, we’ll work hard to find a secured loan which suits you, your circumstances and your lifestyle. Our only stipulation is that loans must be completed by the age of 80.

We don’t believe that older people should have to pay more for loans. That’s why we use all of our connections to find the best market leading rates for every client – whatever your age. Get in touch with the Willows team today and we will use our experience to find the perfect plan for you, working with dozens of lenders to identify the right secured loans for pensioners and retirees.

Homeowner loans for retired people

To find out whether you are suitable for a retired homeowner loan, simply complete our simple, no-obligation online application form or speak to the Willows team directly on 0800 783 8871. We can even help if you’ve suffered from adverse credit.

We arrange secured loans from a panel of lenders. We offer second charge regulated mortgage contracts for business or personal use. You should be aware that there may be other finance options available to you such as a remortgage, a further advance with your first charge lender, or an unsecured loan. You should seek independent advice before making a decision.

You may also want to speak to your mortgage provider about a re-mortgage. The loans we arrange are secured against your property. This means that, unlike unsecured credit, if you don’t keep up the repayments on the loan your property could be at risk of repossession. And like with most other types of credit, you could be charged arrears fees, which increases the cost of your loan, and your credit rating could be affected.

When consolidating credit to reduce your monthly outgoings, you should be aware that it may take you longer to pay off your debt. Depending on the interest rates and balances of the credit you are consolidating, you may also pay back more over the longer term. You should think carefuly before taking a secured loan against your property. Your home may be repossessed if you do not keep up repayments on the secured loan.

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