Loan/Mortgage advice please

Epcot

Sadly my marriage has broken down and my wife wants me to buy her out . We own our house outright valued at approx 260K plus 30K savings . I need to find a minimum of 115k buy her half of the house and I'm not sure what the best option is.
I am 53 in good health (touch wood) and would ideally like a pay back period of 15 years .i am in full time employment (28,K / year) with zero debts and excellent credit history . What is the best option to g o for - mortgage ,remortgage ,loan or something different I am unaware of .....I'm very confused and never dealt with money issues / loans before so I'm sorry if I come across naive .
Does anyone know what are the best lenders / deals out there to suit my scenario.... Thankyou in advance

[Deleted User]

Is the house mortgaged?

DCFC79

You wont find a loan for the amount your after.

Other options might be available.

Epcot

No,it's totally paid off and we own it outright . It's value is around 260k

[Deleted User]

For that sort of sum, you're going to be looking at a mortgage.

Pixie5740

For that kind of money it's a mortgage you will need. £115k over 15 years at your age and with your income sounds possible. An independent mortgage broker will be able to go through your options.

Epcot

Deleted_User wrote: »

Is the house mortgaged?

No,it's totally paid off and we own it outright . It's value is around 260k

Epcot

Pixie5740 wrote: »

For that kind of money it's a mortgage you will need. £115k over 15 years at your age and with your income sounds possible. An independent mortgage broker will be able to go through your options.

thankyou. is it worth me chatting to my lloyds bank who ive been with for years or the halifax who we used to have our original mortage with or as you say would a broker get a better deal for me

[Deleted User]

Epcot wrote: »

No,it's totally paid off and we own it outright . It's value is around 260k

It's OK. I heard you the first time.

[Deleted User]

Epcot wrote: »

is it worth me chatting to my lloyds bank who ive been with for years or the halifax who we used to have our original mortage with or as you say would a broker get a better deal for me

A broker. Loyalty is going to cost you significantly over the years.

Pixie5740

I would see an independent mortgage broker. A decent one will do more than just find you a mortgage they will also guide you through the process. Whereas the person in the bank is just selling you a mortgage rather than giving you advice.