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Mortgage for the older couple
Haggerty
Posts: 3
Newbie
I am 73 and my partner is 62 and we are trying to understand what our options are with regards to mortgages. We are both employed. Looking to buy a £300k property and have £100k deposit available. Is the governments OPSO scheme the best option.
0
Comments
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Most lenders won't lend to people over 70 years old. Can your partner get a mortgage on their own and pay back the £200k within the next 8 years?
I am not familiar with OPSO but if you are willing to look at shared ownership it might not be a bad option. It will give some security compared to renting.1
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