Mortgages for "silver splitters"

Goldenarm21

I am a so called "silver splitter", IE I am retired, in receipt of a pension and have recently divorced but now need to get a mortgage so that I can buy my own property.
Is there an MSE mortgage guide specifically for those in my position ?
I know that some lenders will offer mortgages up to the age of 75 but how do I go about getting the best deals ?

AnotherJoe

See a broker.

Goldenarm21

Thanks Joe, I have spoken with L&C ... I was asking if anyone knew of a guide that was specific to people in my position

csgohan4

Deposit? Income? House price? Debt?

Affordability calculators manage your expectations?

csgohan4

Goldenarm21 wrote: »

Thanks Joe, I have spoken with L&C ... I was asking if anyone knew of a guide that was specific to people in my position

There isn't a specific guide for you, you can either afford it or you don't for lenders.

ACG

Its not a term I have heard before. But there is no guidefor that scenario, the only issue(s) is that you will be lending in to retirement and your sole income is by way of a pension (presumably).

So there could be options, but it probably is one for a broker as very few high street lenders go beyond age 70.

L&C are more of a "vanilla" broker. If you are not mainstream then you are probably not their target market.

MortgageMamma

Nobody can really say what options are available to you as its an unusual situation and we don't know your financial circumstances. One thing I would say though is why tie yourself down with another mortgage at your stage of life? if you have a reasonable pension income you could use the cash you have for a house deposit to buy a nice motorhome and go travelling. Or a boat - I know that lifes not for everyone but its most certainly what I intend to do in 30 years time when I can retire