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Mortgage in late 50's
Fuzzy16
Posts: 117 Forumite
Husband and I are looking to downsize from a 4 bed semi. Approximate value is 131k, equity around 68k, probably needing to borrow between 60k - 70k.
We are both age 58 at the moment and are currently paying £619 a month on a 103k mortgage that was taken out in 2005 for a business, there are roughly 12 years left, SVR is over 4% so I know we could get a better deal elsewhere.
Would we be considered for a mortgage?
Thanks
We are both age 58 at the moment and are currently paying £619 a month on a 103k mortgage that was taken out in 2005 for a business, there are roughly 12 years left, SVR is over 4% so I know we could get a better deal elsewhere.
Would we be considered for a mortgage?
Thanks
0
Comments
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Yes, subject to affordability, credit history etc.I am a Mortgage AdviserYou 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.0
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