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Older borrowers mortgage not equity release
ragtagbobtail
Posts: 14 Forumite
Has anyone applied for one of the new mortgages being offered for older borrowers? For example Nationwide and some other building societies and Metro bank which has no upper age limit. I’m not talking about equity release but a mortgage you can pay into your 80s or longer to include capital and interest repayments therefore clearing the debt in 20/25 years.
Question relates to remortgages.
Question relates to remortgages.
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Comments
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Will depend on affordability and your earning potentially past 65-70"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
If the retirement income is there, there are a number of options.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Yes retirement income is there. Is it better to use a broker0
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ragtagbobtail wrote: »Yes retirement income is there. Is it better to use a broker
Absolutley, otherwise you would be stabbing in the dark"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Thanks for your replies. It would be great if MSE had a section covering these kind of remortgages. Maybe they are too new.0
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ragtagbobtail wrote: »Thanks for your replies. It would be great if MSE had a section covering these kind of remortgages. Maybe they are too new.
They do
https://www.moneysavingexpert.com/mortgages/remortgage-guide/"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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