We have lived in rented property all our working lives due to my work requiring frequent relocating. I am due to retire next year at age 60

We have substantial savings but will need a mortgage to buy a house. Who is likely to lend to us?

Asked by zeavalaxusu

2 Answers

Log in or sign up with email
By submitting you agree to our Terms of Service
Answered by David Wright, IFA in Trowbridge, WILTSHIRE
Your mortgage options are unfortunately limited as you get older, though there are still some lenders who will help.

You could also consider equity release which these days can include the option to repay interest and capital.

I would be happy to help. We specialise in equity release but also cover mortgage options.

David Wright
Sixty Plus
020 8393 5566
www.sixtyplusonline.co.uk | 10.27.12 @ 07:57
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 08.17.17 @ 03:58
Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
Hi. Most lenders have a minimum mortgage term of 5 years, and most will lend up to age 70, so you should have plenty of options. If you would like to discuss your options, please call us on the number below. Alternatively, you can get free quotes at http://pks.org.uk/comparemortgages.asp

Regards

Paul Skinner
PKS - Mortgage & Insurance Experts
T: 0845 226 5009 | 11.03.12 @ 10:03
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 08.17.17 @ 03:58
Log in or sign up with email
By submitting you agree to our Terms of Service
Free SimplyFinance Membership!

Get FREE, full access to SimplyFinance.com

Answered by

David Wright
David Wright, IFA in Trowbridge, WILTSHIRE

Related Questions

Q&A
Asked by katie.jenkins
Q&A
Asked by katie.jenkins
Q&A
Asked by stevensonbecca59