Call us on 0344 346 3672
or arrange a callback

I'm 63 can I get a mortgage?

Posted on 19 February 2013 by Mr Cartwright


 tneed a £70k morgage for 2 years, I am 63 what would it cost?

I'm afraid there's not a simple single answer to your question. The cost of the mortgage depends on a number of variables, such as whether you opt to take an interest only loan, or repayment. The term you mention is also below the minimum term set by many lenders, and the way that lenders assess affordability on cases these days is on a repayment basis even if you are taking interest only. So a 2 year term may cause issues with lenders on affordabilty.

To get a better idea of the costs, then I would reccomend an initial discussion with one of our consultants. If you'd like to do so, please let me know and I'll arrange a convenient time for one of them to speak to you.

Regards,

Simon

simon.collins@johncharcol.co.uk

More than mortgages, talk to me about:
Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance
General Insurance | Valuations | Conveyancing | Wills | Home finders

 

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.

We recommend you seek professional advice with regard to any of these topics where appropriate.


Legal

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

John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.