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Remortgages for the over 55's

storeton
storeton Posts: 70 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Mortgages & endowments
Are there any lenders out there prepared to lend on a 10-15 year basis to a 57 year old couple?
thanks for any imput Tony

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    There are lenders that could go up to age 75

    However you will need to be able to provide proof of income in retirement.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • storeton
    storeton Posts: 70 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    THANKS herbiesjp
    any list of whom?
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    High street lenders - just make sure on the age issue before you apply
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    Halifax can conside up to age 99. It's about how the case is presented that counts.

    Good luck
  • mrsw1983
    mrsw1983 Posts: 243 Forumite
    The Coventry will
  • fiveyearplan
    fiveyearplan Posts: 10,145 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    herbiesjp wrote: »
    There are lenders that could go up to age 75

    However you will need to be able to provide proof of income in retirement.
    What if you plan to still be self employed at 75?

    :j :j


  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    fiveyearplan wrote: »
    What if you plan to still be self employed at 75?

    Well you need to advise the lender of your plans, and the lender will then decide what extra information they require.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, 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.
  • storeton
    storeton Posts: 70 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thank you for your help all,can't see ever retiring as long as I can stand upright but can't see being here till 99 though!
    but obvious specialist broker advice is needed to guide me through the shark infested waters
    cheers Tony
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