Home ownership is not just for young people. Even if you are close to retirement, you can still buy a property and get a mortgage.

Home loans for seniors

Contrary to popular belief, people who are close to retirement or even young pensioners can take out a home loan. As a rule, the financing of the mortgage is secured by the pension.

If age can be an obstacle for some banks, do not hesitate to contact a mortgage broker. He or she can help you find the right loan at the right bank. At atHomeFinance, some partners can go up to a maximum age of 90.
Ask our experts for advice.

What are the loan conditions for senior citizens?

To obtain a mortgage when you are over 60 years old, you must in most cases bring about 30 % of the purchase price and the costs associated with the transaction (notary and mortgage fees). Another possibility is to give a real guarantee, i.e. a mortgage on another property in Luxembourg.

What funding is available for seniors?

Recently atHomeFinance financed a 55 year old person to buy back her house. She was offered a 30 year loan, which allowed her to be comfortable with her monthly repayments.

Another example of financing carried out by atHomeFinance is a couple close to retirement who wanted to invest in a second home in Portugal. The broker used the mortgage line of their current property to finance the house in Portugal, without them having to give up all their savings.

Do you also have a property project? atHomeFinance helps you finance it!

*The balance is a legal term for a sum of money to be paid by a person who has received property of a higher value than he or she would normally have received. It is intended to compensate for the loss suffered by the other parties involved in the division. The balance is mainly used in matters of inheritance (during the division of an estate), in the event of divorce or an exchange of property. It is a kind of compensation measure.