New mortgage for a pensioner

sleepymans

I am 65 years old with state pension and civil service pension totalling £18k p.a.
what is the likelihood of me obtaining a £75k repayment mortgage on a house OH and I own outright worth about £260k.

OH has pension income of around £13k and we have perfect credit history.

what % mortgage rate might we have to pay, do you think?

thanks for your thoughts

ACG

Should be feasible. In terms of rates, you could be looking from normal rates upwards depending on the finer details. 

Have a chat with a broker, they can do some research based on your circumstances and give you a more accurate answer. 

Thrugelmir

Is a standard mortgage the right product for your objectives? 

[Deleted User]

Nationwide do a later life mortgage that may suit you 

sleepymans

Thrugelmir said:

Is a standard mortgage the right product for your objectives? 

It was my first thought really. I want to clear a debt that’s costing me 6%, that’s my main objective😀 Any other thoughts are welcome😀

must be a glitch on the MSE site.....saying I’m one character short!

must be a glitch on the MSE site.....saying I’m one character short!