Older Couple First Time Buyers

Colonial

We hope someone has experience in this. I am 64 and my wife is 50. We both work full time and intend to continue working indefinitely. We've found a flat that we like, and placed an offer, and with our combined incomes we could easily afford it; but London & Country says that I'm too old for a mortgage, unless I can provide proof of sufficient pension income to pay the mortgage. I won't have that much pension coming in, so ....
Are there any specialist brokers or lenders that anyone knows of out there?

Cheers

JA1000

Can your wife's income support it alone?

VIGILANT22

jonikarma wrote: »

Try calling mayfairs finance on 03333 441144 or 01922 214 213. They will sort you out.

Keep within the forum rules and stop touting for business.
Where has your signature gone that can be seen on Post 4 in this link.

http://forums.moneysavingexpert.com/showthread.html?t=2217963&highlight=

Wutang_2

jonikarma wrote: »

try calling mayfairs finance on 03333 441144 or 01922 214 213. They will sort you out.

avoid this lot - bunch of crooks

maninthestreet

Without sufficient income to support the mortgage payments, no lender is going to lend you the money. Do you have any assests you can sell to raise a bigger deposit, in order to reduce the mortgage payments a little?

getmore4less

Colonial wrote: »

We hope someone has experience in this. I am 64 and my wife is 50. We both work full time and intend to continue working indefinitely. We've found a flat that we like, and placed an offer, and with our combined incomes we could easily afford it; but London & Country says that I'm too old for a mortgage, unless I can provide proof of sufficient pension income to pay the mortgage. I won't have that much pension coming in, so ....
Are there any specialist brokers or lenders that anyone knows of out there?

Cheers

Cost of the place?
Deposit?
Both incomes? your likely pension income?
Is you wife in job that still retires her at 60 or have adjusted for the age discrimination and allow 65?