Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Nual
    • By Nual 11th Oct 17, 4:51 PM
    • 130Posts
    • 55Thanks
    Nual
    New Mortgage after early retirement
    • #1
    • 11th Oct 17, 4:51 PM
    New Mortgage after early retirement 11th Oct 17 at 4:51 PM
    Complicated situation and would welcome some guidance please.
    Husband and I are early 60's and separated decades ago and the house/ mortgage was put into my name. Apart from this financial arrangements were kept informal. We are now thinking of living together again. The house is worth maybe 230k, no mortgage, and he rents paying 600/ month. We want to move to a smaller house in a more expensive area, maybe 350k. We have 200k savings and a joint DB pension income of more than 51k. State pension of around 16k will kick in in 4 years time.

    Would anyone give us a mortgage on a 350k new place so we could move before selling my current home, so letting us sort it out without living here?
Page 1
    • amnblog
    • By amnblog 11th Oct 17, 7:13 PM
    • 9,877 Posts
    • 3,829 Thanks
    amnblog
    • #2
    • 11th Oct 17, 7:13 PM
    • #2
    • 11th Oct 17, 7:13 PM
    You haven’t clarified how much you wish to borrow but subject to affordability, no problem.

    Engage a good Broker to assist you.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

213Posts Today

1,548Users online

Martin's Twitter
  • RT @LordsEconCom: On Tuesday Martin Lewis, Hannah Morrish & Shakira Martin gave evidence to the Cttee. Read the full transcript here: https?

  • Ta ta for now. Half term's starting, so I'm exchanging my MoneySavingExpert hat for one that says Daddy in big letters. See you in a week.

  • RT @thismorning: Can @MartinSLewis' deals save YOU cash? ???? https://t.co/igbHCwzeiN

  • Follow Martin