We're 67 & 63. Will we be able to get a mortgage?

Posted on 1 June 2014 by Ian


We're 67 & 63. Will we be able to get a mortgage?

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.

Ian,

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.

Regards,

Alistair

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