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  • FIRST POST
    • daveg14
    • By daveg14 29th Jul 16, 1:58 PM
    • 3Posts
    • 0Thanks
    daveg14
    I know I must be a little crazy.....
    • #1
    • 29th Jul 16, 1:58 PM
    I know I must be a little crazy..... 29th Jul 16 at 1:58 PM
    ....but, at the ripe old age of 64 (and a half....ish!), I'm retired and mortgage free, and I'm considering the possibility of purchasing a holiday home, for around 85-100k; My question is, could I get a mortgage/remortgage, based on my pension being my sole income, and for a period of say 15 years, or would it have to be a secured loan on my house, (approx value 300k)......subject of course to being able to afford the repayments!!

    Not even sure if this is the right question, or the forum to be asking on, but I'm sure there's an Oracle or three can point me in the right direction?

    Thanks folks..........Dave.
    Last edited by daveg14; 29-07-2016 at 2:06 PM.
Page 1
    • edinburgher
    • By edinburgher 29th Jul 16, 3:18 PM
    • 10,764 Posts
    • 56,366 Thanks
    edinburgher
    • #2
    • 29th Jul 16, 3:18 PM
    • #2
    • 29th Jul 16, 3:18 PM
    You'd be better off moving this to the main mortgage forum, there be mortgage advisors and their ilk lurking there
    • A Frayed Knot
    • By A Frayed Knot 29th Jul 16, 8:14 PM
    • 2,133 Posts
    • 9,583 Thanks
    A Frayed Knot
    • #3
    • 29th Jul 16, 8:14 PM
    • #3
    • 29th Jul 16, 8:14 PM
    I do think I read somewhere you could get a mortgage up to your 80 but I take it your pension would need to be a good one.

    I got a mortgage 4 years ago that would take me up to I'm 70 hence the reason I'm on this forum
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/£4000, 2015/£6294.69,2016/£3186.80
    2017 £2422.71 + Phantom o/ps 2017 -£1367.81 so far
    • daveg14
    • By daveg14 1st Dec 17, 12:27 PM
    • 3 Posts
    • 0 Thanks
    daveg14
    • #4
    • 1st Dec 17, 12:27 PM
    • #4
    • 1st Dec 17, 12:27 PM
    Thanks for that
    • daveg14
    • By daveg14 1st Dec 17, 12:29 PM
    • 3 Posts
    • 0 Thanks
    daveg14
    • #5
    • 1st Dec 17, 12:29 PM
    • #5
    • 1st Dec 17, 12:29 PM
    Good call
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