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Mortgage beyond 80 years old

theGrinch
theGrinch Posts: 3,133 Forumite
Part of the Furniture 1,000 Posts
in Mortgages & endowments
Are there currently any lenders that will lend beyond the age of 80?
"enough is a feast"...old Buddist proverb

Comments

  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Potentially there are, provided you have pension income to meet affordability, what is the loan to value? have you considered equity release?
    I am a mortgage adviser.
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • theGrinch
    theGrinch Posts: 3,133 Forumite
    Part of the Furniture 1,000 Posts
    Wh05apk wrote: »
    Potentially there are, provided you have pension income to meet affordability, what is the loan to value? have you considered equity release?

    LTV is about 40% or 60k.

    currently on BTL, but would consider making it main home if this was the only way to satisfy lending criteria.
    "enough is a feast"...old Buddist proverb
  • Let_Us_See
    Let_Us_See Posts: 1,319 Forumite
    Yes, but is your preference for a BTL or residential mortgage. Please confirm your GUARANTEED income.
  • theGrinch
    theGrinch Posts: 3,133 Forumite
    Part of the Furniture 1,000 Posts
    Let_Us_See wrote: »
    Yes, but is your preference for a BTL or residential mortgage. Please confirm your GUARANTEED income.

    I have sent a PM
    "enough is a feast"...old Buddist proverb
This discussion has been closed.
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