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I'm 58, can I get a 17 year mortgage?

Posted on 23 June 2013 by Kevin


Can I at 58 get a 17 year mortgage?

Kevin,

It is possible to get a mortgage upto age 75, and with some lenders even slightly longer, however there are a few caveats to throw in.

If the term of the loan is to go beyond your stated retirement age, then most lenders will require proof of sufficient pension income to continue supporting the mortgage until the end of the term. As long as you can provide this I think this is something we can assist you with.

If you'd like to talk your enquiry through in more detail, then please let me know and I'll arrange a convenient time for one of our consultants to talk to you .

Regards,

Simon

simon.collins@johncharcol.co.uk

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Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

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