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Best way as an over 60 to buy out an ex-partner
SgurrFiona
Posts: 2 Newbie
I'm new to this site, and I hope my question is appropriate for here. I own a house outright with my ex-partner. What's my best option to buy them out? I'm over 60 (still in full time employment) and I thought a Later Life mortgage would be an option , but the building society I contacted said they couldn't offer that option because of the equity transfer issue and the legal work in that. I need a mortgage to enable the transfer of equity to be accomplished, so I feel at a bit of a loss. Ideas, please?
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Comments
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What sort of value are we talking about here ?
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Hi, I do have some savings, so I think I'll need about £30k0
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60 isn't old. You should be able to get a regular mortgage if your income supports the loan - really £30k and not £300k?0
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If you can prove a retirement income is present that would support a £30k mortgage it should be possible.
Use an all of market broker like London and Country to match you with a suitable lender0
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