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Length of Mortgage
Accra_2
Posts: 1 Newbie
Does anyone know the age limit to which a mortgae can be taken, is it 65 years or more
0
Comments
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Does anyone know the age limit to which a mortgae can be taken, is it 65 years or more
It depends on the lender, your occupation and your employment status
The general rule of thumb is that lenders must now be confident that if you are taking the mortgage past your retirement age that you will have sufficient income to be able to repay the ongoing payments.
If you are self employed you can work until your in a box.
If you are employed they will be looking for pension income.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.0
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