want to remortage house to pay for an extension. Still got £20000 still to pay. Im 58 Years old how much will they borrow me?

Asked by reena3000uk

2 Answers

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Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Hi,

Your age should not preclude you from obtaining a mortgage. The lenders will look at your income, the age you intend to retire, any pension income thereafter (assuming you want to borrow past your retirement date), how much you want to borrow, ad the value of your house, to name but a few of the criteria. Your current lender may not be able to help, but there are other lenders that I am sure would be happy to help.

Please call me to discuss further - 03332 407040

Regards

Paul Skinner | 03.20.12 @ 13:33
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 09:54
Answered by Graham Cooper, IFA in Brighton, EAST_SUSSEX
Hi

The answer to your question will depend on:
1. The Properties valuation
2. Your current Income
3. What age you want to retire.
4. Your buget for this new mortgage
5. The age you intend to retire
6. Your Credit History

If you want to discuss please contact me - 01273390951 or info@grangefinancial.co.uk

Regards - Graham Cooper
Grange Financial Services
| 03.20.12 @ 16:44
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$commenter.renderDisplayableName() — {comment} | 09.22.17 @ 09:54
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Answered by

Paul Skinner
Paul Skinner, IFA in Odiham, HAMPSHIRE

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