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Mortgage for over 70's

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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.
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