Mortgage going into retirement age?

VIGILANT22

Just ignore the remark by andrewmp...yet again another worthless/irresponsible comment

http://www.fsa.gov.uk/pubs/other/mortgage_lender.pdf

andrewmp

VIGILANT22 wrote: »

Just ignore the remark by andrewmp...yet again another worthless/irresponsible comment

http://www.fsa.gov.uk/pubs/other/mortgage_lender.pdf

The lender won't even know that the borrower may be planning to retire at 55. People do actually change jobs now and again you know? The job he is doing when the time comes might not force him to retire at 55 anyway.

Do lenders even ask you when you plan to retire? I know mine didn't and I'd presume others don't either.

The document in your link mentions nothing about mortgages not running past age 55.

Either way Vigilant22, no need to be so rude - again

VIGILANT22

Yes lenders do ask you when you retire...Would you stop posting on WHAT YOU CLEARLY DONT KNOW ABOUT ...you haven't a scooby..do everybody a favour and stop posting useless/incorrect information.............why do you bother? again & again.....are you not embarrassed with yr lack of knowledge?....people come on here for info...dont mislead them

andrewmp

VIGILANT22 wrote: »

Yes lenders do ask you when you retire...Would you stop posting on WHAT YOU CLEARLY DONT KNOW ABOUT ...you haven't a scooby..do everybody a favour and stop posting useless/incorrect information.............why do you bother? again & again.....are you not embarrassed with yr lack of knowledge?....people come on here for info...dont mislead them

Lenders don't always ask you that question, I was never asked that question when I got my mortgage.

Be nice to all MoneySavers (or you'll be banned again and have to come back with another alias).

VIGILANT22

Listen I have never been banned & lenders do always ask...........

"Be nice to all MoneySavers"'''You stop posting what you dont know about and misleading people

andrewmp

VIGILANT22 wrote: »

Listen lenders do always ask...........

Lenders always ask what age you currently plan to retire at? News to me, maybe they forgot when I applied for my mortgage.

andrewmp

VIGILANT22 wrote: »

I have never been banned

Why did you start posting with your current username in January?

VIGILANT22

[QUOTE=andrewmp
You are just an absolute t***...i have never been banned...you are just a joke.......:rotfl: at what you post on here..........

andrewmp

Why is quoting someone without breaking the quote so difficult for you? Are you not embarrassed by this?

joolley

OP, as long as there is a clear way to pay off the lump sum at the end, most lenders will be ok. I am guessing here, but if your DH is in the Forces or any such job that has an age 55 retirement age still (I can think of 3 or so others), get a pension and lump sum forecast to take with you to the appointment to show that you could meet the remaining mortgage when he reaches 55. They will ask about retirement age. Obviously, if in the Forces or the other 3, this is set in stone, so no worries. I know that AFP 75 is no offered to folk after Apr 05.