Buying half a house

Bloodcityboy

My father and his wife are getting divorced. Their house is paid for and mortgage free, but I would like to buy out his wife so he can stay there. She is happy with this, because she's never paid anything into the house and he only put her on the deeds because she wouldn't let it go until he did. I'll be glad to see the back of her. He is 72, so can't get a mortgage himself, and I'm not sure of the best way of going about this.
I dont currently own a house.
Any help you can give will be much appreciated.

zailrand

I've been doing some research and there are some lender who will lend into retirement, subject to affordability. For example, Nationwide go up to 85 and MetroBank have no upper limit. If you are in their operating area Cumberland Building Society also have no upper limit - google mortgages over 75 and you should get a couple of articles that point you to lenders who will do that. That would potentially mean that you could get a joint mortgage with your dad if tat was what you wanted to do - obviously subject to affordability.

amnblog

Yes, you can do this City Boy, in theory. But it is tricky.

You will need to talk to a mortgage broker about it.

[as regards Dad getting his own mortgage, there is more to it than 'Googling mortgages over 75' - in all likelihood that is not possible.]