Mortgage going into retirement age?

VIGILANT22

what part dont u understand...............

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

You're the one who should be embarrassed........

andrewmp

VIGILANT22

andrewmp

public censure on mortgage broker for lending into retirement

http://www.fsa.gov.uk/pubs/final/MAH_mortgage-finance.pdf

but hey andrewmp says its ok!...:rotfl:

andrewmp

VIGILANT22 wrote: »

public censure on mortgage broker for lending into retirement

http://www.fsa.gov.uk/pubs/final/MAH_mortgage-finance.pdf

but hey andrewmp says its ok!...:rotfl:

Did you read the first post? The person in question is retiring from their current job at 55. It's not like they're asking for a 30 year morgage aged 40 or something.

getmore4less

If you are going to stop people paying affordable mortgage payments in retirement then you also need to to stop people paying affordable rents.

They serve the same purpose, providing a roof over your head.

Being mortgage free just reduces the retirement income needs, if income levels support a mortgage then there should be no problem..


Planning to use a pension lump sum to pay off a mortgage as part of retirement palnning can be a very good idea.

VIGILANT22

It wasnt about mortgages in retirement not permitted..it was about this comment.........enders don't always ask you that question,

An application would never get thru u/writing if this wasnt answered....

The majority of people could not meet mortgage payments in retirement...Compliance is very strict around this...rightly so

andrewmp

Most people don't retire at 55. As long as your mortgage term expires before a normal retirement age then I guess they might not ask. I say this because I wasn't asked.

VIGILANT22

It is a question that appears on every mortgage application....

POST 11.....Quote andrewmp : It shouldn't be a problem, they won't care when he is due to retire, they don't even ask. They never asked me anyway.

I really do wish you would stop posting opinion particularly when it is misleading...of course lenders care when you retire....lending into retirment is a big issue with the FSA......

andrewmp

I wish you would learn to quote.

I can post my opinions as often as I like. Just like you and your "thanks" buddy _Andy_ do.

VIGILANT22

and equally..i wish you would learn some info on mortgages.....