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Ageism in mortgage applications

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  • ACG
    ACG Posts: 24,614 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Linton said:
    Why not take out a lifetime mortgage? 
    Are those not being ageist?  :D 
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, 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.
  • MWT
    MWT Posts: 10,280 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    ACG said:
    Linton said:
    Why not take out a lifetime mortgage? 
    Are those not being ageist?  :D 
    Absolutely, 100% ageist!
    Clearly discriminating against the young :)

  • HobgoblinBT
    HobgoblinBT Posts: 315 Forumite
    Fifth Anniversary 100 Posts
    As the OP has a significant guaranteed income, can they not save up instead of getting a mortgage?

  • MWT
    MWT Posts: 10,280 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    HobgoblinBT said:
    As the OP has a significant guaranteed income, can they not save up instead of getting a mortgage?

    Saving is rarely an alternative to a mortgage.
    Clearly saving helps you get a mortgage, but by the time you've saved enough to avoid the mortgage completely many years will have passed...


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