Mortgage at 46

[chunder27]

Posted something similar in the homes section and was advised there is a guy on here who might offer some logical and decent advice

Never owned, live in South East and spent too long contracting and renting, have a decent perm job now and enough to perhaps afford a small flat or something.

Live in Beds/Bucks and renting is getting silly, at least buying might help.

Simply put, is getting a mortage at 46 viable, what will i ahve to pay aboive and beyond the repayments, what about stamp duty.

Just after some easy advice

[coetzeeh]

calling Sarnie

[Mojooo]

I spoke to a mortgage guy the other day and he said you can normally get them to finish when you are 70

So if you are 46 you could get a mortgage that is 24 years long.

[Sarnie]

chunder27 said:

Posted something similar in the homes section and was advised there is a guy on here who might offer some logical and decent advice

Never owned, live in South East and spent too long contracting and renting, have a decent perm job now and enough to perhaps afford a small flat or something.

Live in Beds/Bucks and renting is getting silly, at least buying might help.

Simply put, is getting a mortage at 46 viable, what will i ahve to pay aboive and beyond the repayments, what about stamp duty.

Just after some easy advice

Yes you can get a mortgage.

You may be limited to a term that ends by your 70th birthday.

You can take a longer term if you have some form of retirement income evidence....pension etc.

[AAD44H]

Sarnie said:

Yes you can get a mortgage.

You may be limited to a term that ends by your 70th birthday.

You can take a longer term if you have some form of retirement income evidence....pension etc.

Some providers now go up to the age of 80.

[Sarnie]

AAD44H said:

Sarnie said:

Yes you can get a mortgage.

You may be limited to a term that ends by your 70th birthday.

You can take a longer term if you have some form of retirement income evidence....pension etc.

Some providers now go up to the age of 80.

Yes..... "You can take a longer term if you have some form of retirement income evidence....pension etc."

[Johnnytheboy]

I got one at 43, no big deal.

[drainbrain]

I'm thinking about taking up an offer with a 10 year profile and I'm 65.

[Sarnie]

For reference, it's not the starting age that lenders care about, it's the age at the end of the term..........

[chunder27]

Thanks for the reply

My retirement age is officially 67.

I am an only child and would have a parents house, but would likely live in that were it is and rent out the possible purchased house here as I would get mroe for it

I ahve a 100k so far in an investment, (pensions) basically plus works and state, (should I stay there forever!)

Mortgage wise, 125k is about all I can do, praps 10k deposit.

Banks or brokers?

[Sarnie]

chunder27 said:

Thanks for the reply

My retirement age is officially 67.

I am an only child and would have a parents house, but would likely live in that were it is and rent out the possible purchased house here as I would get mroe for it

I ahve a 100k so far in an investment, (pensions) basically plus works and state, (should I stay there forever!)

Mortgage wise, 125k is about all I can do, praps 10k deposit.

Banks or brokers?

I'm sorry, whats the question?

[mike74]

What guarantees do you have that neither of your parents are going to end up in a nursing home?

[DukeDickson]

mike74 said:

What guarantees do you have that neither of your parents are going to end up in a nursing home?

Assuming no acrimony, a more than decent amount of time to make that an irrelevance.

[chunder27]

Good point though

One of them is goon already. And the other would possible use a massive police pension to cope!