Older applicant, relocating

Novastar21

Hi, I bought my house before my marriage. It's worth £320k with 80k outstanding with Halifax. I have 2 queries.
 1. My husband retires in 8 years, he earns 50k, a few late payments in the last 3 years. If his income was used I presume the new mortgage term would be no more than 8 years? 

Also I work at home as a childminder and we want to relocate 40 miles away. I will have to start from scratch again. It may take a year to establish a business. I'm presuming the bank wouldn't take my earnings into account due to this? I have fantastic credit rating.

How on earth do people buy elsewhere....?

We have thought about downsizing and buying outright but we can't get the type of property we have now for the equity we have. 

Thoughts please?

[Deleted User]

If your husband is retiring in 8 years and you want it longer than 8 years then you would need to be able to prove a pension income and borrowing would be based on that provable figure

Novastar21

Deleted_User said:

If your husband is retiring in 8 years and you want it longer than 8 years then you would need to be able to prove a pension income and borrowing would be based on that provable figure

He will have an estimated state pension of £200 per week and receive 60k from a private pension.

dimbo61

This is one for a whole of market broker who can search the market and find out how much you can borrow.
They will look at both credit files, debts, income and lenders

dimbo61

Lenders are offering mortgages upto 70/75 depending on income and pensions. 
You have a £240,000 deposit and your husband is still earning £50K a year until retirement.
Speak to a broker