Mortgages for over 50s

The_J

I'm afraid your very first statement was an opinion (bordering on advice) based on your own situation. I appreciate this was almost 2 hours ago and Countdown has since been distracting you :beer:

Next you'll be telling me you prefer Deal or No Deal.

Regardless, if you do wish to move I believe Halifax are still willing to entertain the porting of those mortgages for existing customers so you should be fine.

ticktack_2

The_J wrote: »

... I believe Halifax are still willing to entertain the porting of those mortgages for existing customers...

If their criteria are met. OP, you might be interested to know that, at present, it appears that any existing Halifax mortgage-holder can still apply for the kind of older person's mortgage I've got. I mention that in case you might want to see if you can get a fixed-rate repayment mortgage with the Halifax, and then, provided they don't move the goalposts, and provided you can meet the eligibility criteria, in a couple of years you might be able to move to Retirement Home Plan Mortgage. But obviously there would be a risk that things might change before you got your interest-only mortgage.

There's a description of the criteria at http://www.equityreleasesupermarket.co.uk/the-halifax-retirement-home-plan.html. I don't know how accurate it is.

Good luck.

Thrugelmir

ticktack wrote: »

If their criteria are met. OP, you might be interested to know that, at present, it appears that any existing Halifax mortgage-holder can still apply for the kind of older person's mortgage I've got. I mention that in case you might want to see if you can get a fixed-rate repayment mortgage with the Halifax, and then, provided they don't move the goalposts, and provided you can meet the eligibility criteria, in a couple of years you might be able to move to Retirement Home Plan Mortgage. But obviously there would be a risk that things might change before you got your interest-only mortgage.

There's a description of the criteria at http://www.equityreleasesupermarket.co.uk/the-halifax-retirement-home-plan.html. I don't know how accurate it is.

Good luck.

This product ceased a while back.

ticktack_2

Thrugelmir wrote: »

This product ceased a while back.

Not entirely. It's not available to new customers.

Thrugelmir

ticktack wrote: »

Not entirely. It's not available to new customers.

That in itself speaks volumes.

ticktack_2

Thrugelmir wrote: »

That in itself speaks volumes.

Why? [fillfill]