When could we apply, and with who?

smallblueplanet

We are looking to move next year, and when we start the process might depend on two things. When we could get a MIP (is that what they're called? - we last applied for a mortgage over 20 years ago!) and whether we decide to wait for a new build coming on to the market later next year.

In early January 2026 my full state pension is available and I will be taking it. We want to include this in our available income. When can this be included/looked at, from now or not until after early January? I'd like to be more sure of how much and from whom we might borrow, as although we will have a good LVT (50%ish) we are both at the older age range end of the buyers spectrum. Thanks.

Isthisforreal99

Bit more detail needed

What age are you?
How much is the deposit?
How much do you think you will need to borrow and over what term?
Incomes?

Have you tried any of the mainstream mortgage lenders calculators to see if you meet their criteria?

smallblueplanet

I will be 66 and my partner 60; we will not be retiring until whatever the age limit of the mortgage is?

I want to know is it too soon to apply for a MIP so we can start looking at properties. Also I guess, who might be an appropriate broker or whether to search the market ourselves and apply direct?

Isthisforreal99

AIP - agreement in principal or sometimes DIP - decision in principal. Depends on lender how long they are valid for but generally 90 days.