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15% Deposit

helen_919helen_919 Forumite
4 Posts
Tenth Anniversary Combo Breaker
MoneySaving Newbie
Applying for mortgage with Barclays I'm aged 50 due to retire at 67 and have been given an AIP based on having a 15% deposit only. Has anyone else had this kind of offer is it due to my age thanks

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  • edited 27 February at 4:52PM
    K_SK_S Forumite
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    edited 27 February at 4:52PM
    @helen_919
    AIPs can come back at a lower LTV for many reasons - credit history, kind of property, affordability, etc. It's hard to say what the reason might be without more detail.

    Have a play-around with the affordability calculator here to see how close to the borrowing limit you are with your circumstances.
    https://resources.barclays.co.uk/mortgage-calculators/residential-affordability

    Any reason you picked Barclays or is this through a broker?

    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.

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