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Another one for CGT experts please
Comments
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so, the "typical" lender will allow a loan to age 70, therefore 6 years for mother.Thanks for your comments, please see response below
My mum should hopefully be able to be party to a mortgage as I believe many lenders lend up to aged 70? (I know based on more than age alone but her financial position otherwise stable)
No IHT worries for the future...
My sister does have more than 100k in equity in her own home
80k borrowed over 6 years on a property worth 140k = monthly repayment of approx £1,200 pcm
Some lenders allow to 75 (11 years for mother) = monthly repayment of approx £700
https://mortgages.firstdirect.com/?cid=FSDT:AO:P1:MG:01:1712:001:Generic_Exact&mtp=search&PPCKeyword=mortgage%2520calculator&gclid=CIGQu4OzztkCFQ6AhQodG28HCg&gclsrc=ds
has your mother spoken to a mortgage broker to find out what she can actually borrow yet, or are you just pea'ing in the wind0 -
Looks like peeing in the wind with those figures! Will revert back to her raising funds through their own house!
Thank you0
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