Mortgage Guide
Mortgage Basics
Pensioner Mortgages - for the over-60s and Elderly
Am I too old to get a mortgage?
What if I can't get a mortgage?
Mortgage choices for the over-60s
The
mortgage market has become increasingly cut-throat in recent
years.
And as mortgage
lenders compete for business, many will now take
on customers they wouldn't have considered in the past.
That includes "pensioners" approaching
or even past traditional retirement age.
• A couple of dozen lenders will now consider borrowers
over the age of 60
• About half of them will lend to the over-70s, and
• Two or three will even look at borrowers over the
age of 80.
How to secure your
mortgage
To get in touch with them, all you have to do is contact
a mortgage adviser.
However, they won't hand out cash to just anyone.
Lenders will want to be sure you have the means in the
form of a pension or other income to repay the loan.
If you have, the next step is to read Mortgage
choices for the over-60s
If
you don't have enough income
Even if you don't have enough income, you may still be able
to borrow, provided a friend or relative is willing to act as
guarantor.
To find out more about this, see Guarantor
mortgages for the over-60s
To read more on this subject please see the list below or your mortgage guide or your home buying guide
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Read On / Mortgages for the Elderly
Am I too old to get a mortgage?
What if I can't get a mortgage?
Mortgage choices for the over-60s
Read On / Mortgage Basics
What is a mortgage?
A basic summary of the rules
How much can
you borrow?
How do you prove
your income?
How long are mortgages
usually for?
What will happen to interest rates?
Read On / Mortgage Guide
How to Choose your Mortgage
Types of Mortgage
Remortgages
Where to Find your Mortgage
Getting a Mortgage in Principle
Read On
Guide to Buying Home in the UK
Guide to UK Home and Mortgage Insurance
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Read more Mortgage Basics (list below)
See contents of Full Mortgages Guide
See contents of Home Buyers Guide
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Mortgage Basics
What is a mortgage?
A basic summary of the rules
How much can you borrow?
How do you prove your income?
How long are mortgages usually for?
How to get a Mortgage in the UK
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Mortgage Basics
How to Choose your Mortgage
Types of Mortgage
Where to Find your Mortgage
Getting a Mortgage in Principle
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Read On / Mortgage Basics
What is a mortgage? A basic summary of the rules The choices you need to makeHow much can you borrow?
How do you prove your income?
How long are mortgages usually for?
What will happen to interest rates?
