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Mortgages for over 60s

Options
kimmer
kimmer Posts: 10 Forumite
Fourth Anniversary First Post
in Mortgages & endowments
Hi,

What are the remortgaging options for the over 60s? I have heard that some lenders will lend to over 60s but I can't find anything in practice.

Thanks,

Comments

  • K_S
    K_S Posts: 6,877 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    kimmer said:
    Hi,

    What are the remortgaging options for the over 60s? I have heard that some lenders will lend to over 60s but I can't find anything in practice.

    Thanks,
    @kimmer Your options will depend on your income (current and post-retirement), age, LTV, term required, etc. and other specifics of your requirements and circumstances. 

    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.

  • kimmer
    kimmer Posts: 10 Forumite
    Fourth Anniversary First Post
    Looking at about 180k with only 5 years left on an interest only.  Property is probably worth around 500k.

    Low income and just standard pension plus a small private pension (2 people). I don't have the exact detail as it's not for me, I'm just trying to find some potential avenues that could be worth them pursuing.
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