Mortgages near Retirement

Posted on 6 May 2012


I'm sixty years old in fulltime employment with £70.000 for a deposit - what mortgage options do I have? Thanks

David

I regret that I am not able to give a full and concise answer without a lot more details  In general terms you will be able to obtain a mortgage that runs up until you are age 75 at which point it will need to be repaid and depending on how much equity you have you should be able to borrow roughly 4 x your earned income.

Please call 0844 346 3672 to speak to one of our independent mortgage consultants who will be able to take your details, answer any questions you have and then research the market to find the right mortgage for you.

Peter


Categories: Home mover, Mortgages in retirement


Terms & conditions

Your initial mortgage consultation is obligation free. There will be a minimum fee for our mortgage service of £450, of which £150 is payable when you apply, and we will retain the commission from the mortgage lender. Alternatively, you can choose the fee only option which is typically 0.65% of the amount borrowed. The precise amount will depend on your circumstances and mortgage loan amount, and will be discussed and agreed before you make a mortgage application.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

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