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!
Older person mortgage advise
szd55pilot
Posts: 2 Newbie
I'm 3 years from partial retirement at 66, I have a pension pot of >150k, we don't own a house yet due to divorce some years ago. We have about 180k as a deposit available against say 300k house, I have no idea if there are any schemes to help us purchase due to the short period I have left to earn a sensible income, any advice please. I dont' even know if we can actually afford a mortgage and I've been very badly burned in the past by a financial advisor who took 1/3 of my savings (80k), please help us, oh and I'm ex forces.
0
Comments
-
There are several potential options.
Get advice from a later-life qualified advisor.I am a mortgage broker. 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 -
Thanks, I didn't even know such existed :-)
0 -
As you may be able to secure a term to age 80+ for a standard mortgage or look at retirement interest only or lifetime mortgages, getting advice from someone qualified to advise on all three is paramount.I am a mortgage broker. 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.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards