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My retired parents need a £20k mortgage on a property they're buying for £127k. Can you help?

Posted on 14 July 2013 by Rachel


My retired parents, aged 69 and 70, need a £20k mortgage on a property they're buying for £127k. Could you please advise?

Rachel,

Unfortunately many of the major lenders aren't in the market to lend to retired people, and are therefore likely to be unavailable to us.

However we have excellent relationships with those lenders who manually underwrite cases and can judge each case on its individual merits, rather than adopting the 'computor says no' mantra.

If you'd like to talk to one of our consultants to see how we could help your paremts, then please let me know and I'll arrange for one of them to contact 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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