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Expected retirement age?
ibz75
Posts: 117 Forumite
Just wondering why banks ask you to pick your own retirement age (calculators), when I thought this would be limited to 65/67.
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You can retire at any age. The state retirement age is fixed but you don't have to retire then, it can be arlier or later.Lost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander0 -
Torry_Quine wrote: »You can retire at any age. The state retirement age is fixed but you don't have to retire then, it can be arlier or later.
Yes, I understand that employers can no longer 'force' you to retire at 65. But does this not mean you can 'lie' to get a longer term mortgage just to beat the affordability criteria? Not sure if this a good thing
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Yes, I understand that employers can no longer 'force' you to retire at 65. But does this not mean you can 'lie' to get a longer term mortgage just to beat the affordability criteria? Not sure if this a good thing
If you want to lie that's up to you.
Lost my soulmate so life is empty.
I can bear pain myself, he said softly, but I couldna bear yours. That would take more strength than I have -
Diana Gabaldon, Outlander0 -
Yes, I understand that employers can no longer 'force' you to retire at 65. But does this not mean you can 'lie' to get a longer term mortgage just to beat the affordability criteria? Not sure if this a good thing
Mortgage lenders certainly aren't stupid. Though some borrowers may think they are.
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Yes, I understand that employers can no longer 'force' you to retire at 65. But does this not mean you can 'lie' to get a longer term mortgage just to beat the affordability criteria? Not sure if this a good thing
The lender will put in your current predicted state retirement age.I'm not cynical I'm realistic
(If a link I give opens pop ups I won't know I don't use windows)0
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