We're 60 and looking to move. At our age, and with one default in the background, can we still get a mortgage?

Posted on 23 June 2014 by Ian

My wife and I are currently in a rented property having sold our home. We are looking for a mortgage of approx. £150,000 with a deposit of £100,000. I will be 60 next month with 1 default on my credit file would I be accepted for a mortgage. We are both working with private pensions.


With the very low loan to value being a big help, this may well be something that we can help with. What we will be able to do, also depends on how much income you get from your pensions, along with what your are doing work wise at the moment and when you are due / want to retire.

We'd also need to know more information about the default, how historivs it is, whether it's satisfied and the circumstances that caused it.

Although I can't say for certain that we could definitely get you the mortgage you need, with the 60% LTV on your side, I certainly think it's worth further discussion.

If you'd like to do so, then please contact one of our consultants on 0344 346 3672 and they'll be able to give you a more detailed idea of how we can help.



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.

You are currently offline. Some pages or content may fail to load.