Advice Needed - 60 yrs old wanting mortgage

Trollfever

Sorry, but I confused Yorkshire Building Society with Yorkshire Bank.

This is the Bank:

Our primary objectives supporting this strategy continue to be:

• building trust amongst our employees, customers and other key stakeholders
• making balanced decisions
• enhancing our reputation.

http://www.ybonline.co.uk/about-yorkshire-bank/corporate-social-responsibility/

poppy10_2

rangie wrote: »

Borrow £35k to buy a new car and pay off some existing credit card debts

They won't be paying off any debts, just transferring them from an unsecured basis to a loan secured on their house - meaning if they can't keep up the repayments they could lose their home. Buying a new car and taking on more borrowing should not be a priority for them at their age - after all they will be dead soon.

Robert_Sterling

Not all that soon though. Check the mortality tables.

poppy10_2

Robert_Sterling wrote: »

Not all that soon though. Check the mortality tables.

http://www23.wolframalpha.com/input/?i=life+expectancy+U.K.+male+age+64