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Remortgage Santander mortgage at over 70
happyretirement
Posts: 1 Newbie
Our mortgage with Santander matures on 1 August 2018. We have sufficient income to continue on interest only. Can any one recommend which is the most reasonable lender for mortgages for the over 70s?
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Comments
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Mortgages don't mature, they become repayable. Have you spoken to Santander to ascertain what options they might offer you. Suggest you speak to a mortgage broker to ascertain your wider options. As your personal financial circumstances will determine what's available.0
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Our mortgage with Santander matures on 1 August 2018.
Wish my mortgage would mature. It would be nice to get something from the lender
We have sufficient income to continue on interest only
Although interest only mortgages without a repayment vehicle are a lot harder to get now and require good justification.
Seeing as you appear to not have a repayment plan in place and given your age, it seems likely you want to pay the interest until death, have you considered equity release?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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