mortgage for over 60s

lulubelle45

Hi,

I am a first time poster here and am looking for help, is there a joint mortgage available for a couple where the woman is over 60 with a substantial pension. So far I have been told that any completion of mortgage given will be based on my age and not on my younger partners age who is under 50. I do not want equity release

thanks

benjo

yes there are mortgages that run beyond pensionable age assuming your income will not change below the required income multiples - how long after retirement age lenders will allow them to run I really dont know for sure, mine is set up to run until Im 69 since my income will not change at state retirement age - it wont in effect run that long though due to overpayments.

I do know a couple 60/62 who moved last year and remortgaged, I have to say though I have no idea for how much/how long, I suspect it wasnt very much and only over a few years.

getmore4less

We have a mortgage that ends when the younger person is 65.

THis was with barclays

Not sure twhat the problem would be for a lender Pension income is more secure than earned and if index linked is even better.

Oldernotwiser

My parents had an interest free loan that lasted until they died and the property was sold - don't know whether it would be available now.

koexelek

Oldernotwiser wrote: »

My parents had an interest free loan that lasted until they died and the property was sold - don't know whether it would be available now.

Halifax are probably the best bet at the moment.
A lot of lenders that used to do it have now capped their mortgages at age 75

lulubelle45

Thanks

We now have a few more options to check out