Will the bank give me a 30 year mortgage??

Bella_doll

Glad I stumbled across this as my husband and I are looking to get a.Save to Buy mortgage with Nationwide and I had been wondering how many years we could get it for. We will be 33 and 35 when we are in a position to buy. I had assumed we would not be able to have it over 30 years.

TMC35

Bella_doll wrote: »

Glad I stumbled across this as my husband and I are looking to get a.Save to Buy mortgage with Nationwide and I had been wondering how many years we could get it for. We will be 33 and 35 when we are in a position to buy. I had assumed we would not be able to have it over 30 years.

This is basically what I am trying to find out, I should have been more specific in my original post as to type of mortgage being save to buy, we are 35 and 37. I assumed 30 years would be ok as retirement age will be 67 and it will be our intention to reduce the number of years further down the line.

I emailed Nationwide to ask but they would not discuss and said I needed to make an appointment with the mortgage advisor, as we are not in a position to go ahead with this for a few more months I was trying to ascertain if this is feasible based on others experience....

Can anyone help us

dj.boz

TMC35 wrote: »

Thanks for your reply, really helpful.

Out of interest, is your mortgage with Nationwide a save to buy mortgage?

No, we are having the 'Flexiclusives' mortgage, with a 15% Deposit / 85% LTV.

Bella73

We are going through the process now and as I'm 40 we could only apply for 24 years as I'm already into my 40th year to ensure the mortgage is paid before my 65th birthday.

no1wf

My Dad just turned 60, could I get a mortgage with him or would it be very difficult to find someone that would take us on?

HildaM

We have just (2 weeks ago) taken on a 12 year mortgage - this is the maximum we could have as my husband is 57 and it must be paid back by the time he is 70. This was with Barclays.
I did read that Lloyds will lend to 75, but we went with Barclays as the rate is better and I got a cheaper arrangement fee as an existing customer.

TMC35

Bella73 wrote: »

We are going through the process now and as I'm 40 we could only apply for 24 years as I'm already into my 40th year to ensure the mortgage is paid before my 65th birthday.

Thanks for your reply, is this with Nationwide?

Bella73

TMC35 wrote: »

Thanks for your reply, is this with Nationwide?

No bit Nationwide but we went through a broker and most of the mortgages were the same for us.

kingstreet

Nationwide doesn't have a save to buy mortgage.

It has a save to buy account and when you come to apply for the mortgage, you apply for a mortgage from the current product range which represents your loan to value, buyer status and FlexAccount, if you have one...

TMC35

kingstreet wrote: »

Nationwide doesn't have a save to buy mortgage.

It has a save to buy account and when you come to apply for the mortgage, you apply for a mortgage from the current product range which represents your loan to value, buyer status and FlexAccount, if you have one...

I have a save to buy account with Nationwide and a flex account. All the literature they have given us and on their website calls it a save to buy mortgage, as detailed http://www.nationwide.co.uk/savings/limited_access/savetobuy/

If it is just their standard mortgage, I wonder why the refer to it as a save to buy mortgage, and wonder if the upper age limit is 70........