We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Mortgage for over 70's

Options
sricho
sricho Posts: 1 Newbie
in Mortgages & endowments
Hi
I'm trying to get a £10,000 mortgage for my auntie who owns her property but has no current mortgage. Method of repayment will be Interest Only.

Can anyone advise on a lender that is willing to lend to someone in their 70's?

Cheers:beer:
Sricho

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    sricho wrote: »
    Method of repayment will be Interest Only.

    Putting aside the issues of your Auntie obtaining a mortgage at her age and for the sum involved.

    Interest only is what it says it is, there is no capital repayment.
  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A lot of lenders have a minimum amount they are willing to lend, this may further limit your choice.

    Broker time I think.
    Space available for rent
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture