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To buy with a mortgage at 66!
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Concorde12
Posts: 2 Newbie
Hi there I'm currently mortgage free ,house on market but to get what I really want im looking at a possible 50k shortfall
I'm 66 with lots of equity in the house
Mortgage rate I'm quoted is 6.6% ,age is against me .... any advice please 🙏
I'm 66 with lots of equity in the house
Mortgage rate I'm quoted is 6.6% ,age is against me .... any advice please 🙏
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Comments
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Don't do it.
Time to enjoy life with as little debt as possible if any at all.0 -
When are you likely to retire? Do you have time to repay before then?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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What is your income now and in retirement?
If you have £35k of DB pension coming in then why not?0 -
Do you need the stress of a mortgage at 66
Is it comfortably affordable0
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