Posted on 1 June 2014 by Ian
Will we be able to get a mortgage next year, I will be 67, my wife will be 63. We have a house to sell worth £240k, we have a joint pension income of £40k.
At this moment in time there are some lenders who will still look at the more mature borrower, however they are mainly the smaller building societies who can take a manual, bespoke approach, rather than the major high street lenders who are far more computor driven, and have very limited flexibility.
It does depend on exactly how much you want and for how long, but subject to there being no issues with your credit history and meeting the lenders affordability calculation, this is something we may be able to assist you with, when the time comes.
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.