We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Is there likely to be any issue having the mortgage in just one name?
samphe
Posts: 140 Forumite
We're currently mortgage free, but thinking about moving. To be able to get the house we want we'd need to apply for a mortgage.
Due to my husband being close to retirement (in 2 years), I don't know if it would be successful. As I am 10 years younger, I shouldn't have that particular issue.
The mortgage would be less than 10% of the value of the house we're considering (mortgage would be around 25-30k).
We'd be able to pay it off by the time he retires.
Is there likely to be any issue?
Due to my husband being close to retirement (in 2 years), I don't know if it would be successful. As I am 10 years younger, I shouldn't have that particular issue.
The mortgage would be less than 10% of the value of the house we're considering (mortgage would be around 25-30k).
We'd be able to pay it off by the time he retires.
Is there likely to be any issue?
0
Comments
-
@samphe Based on the very limited info in your post and assuming your income stacks up, you should be able to find a lender that will consider.
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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards