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Remortgages for those in their 50s
scorpio1911
Posts: 4 Newbie
Hi
I intend to use some of my inheritance to reduce my mortgage which is currently on interest only. Once I have done this is am looking to negotiate a better deal with my current provider on a repayment basis as I will be looking at 65 - 70% LTV. However I am 57 and wonder if they will only consider giving me a mortgage to retirement age of 66 or if I will be able to look at a longer term than 9yrs. My profession allows me to work beyond retirement age both in an employed and self-employed capacity and I will have additional income from pensions and investment as well. Can anyone advise?
I intend to use some of my inheritance to reduce my mortgage which is currently on interest only. Once I have done this is am looking to negotiate a better deal with my current provider on a repayment basis as I will be looking at 65 - 70% LTV. However I am 57 and wonder if they will only consider giving me a mortgage to retirement age of 66 or if I will be able to look at a longer term than 9yrs. My profession allows me to work beyond retirement age both in an employed and self-employed capacity and I will have additional income from pensions and investment as well. Can anyone advise?
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Comments
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Check National Counties BS: "We lend on property throughout England and Wales and have no upper age limit for mortgage borrowers."Free the dunston one next time too.0
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Or have a chat with a broker, as there are options to age 75-80 on potentially better rated products.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
Who is your current Lender?
What have they said?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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