sipar69 Posted May 3, 2015 Posted May 3, 2015 (edited) Do we have any mortgage experts on here for a bit of advice? Been talking to my better half about buying a place in the country in the next couple of years. We've both got good incomes and she has nearly paid off a flat that would probably sell for about £350k, so we'd have a hefty deposit from the sale. Her flat is currently rented out. We rent and I've never had a mortgage. What concerns me is our ages - I will be 48 and she will be 52 in two years - I've been reading scare stories about lenders not lending to people over 40. (Perhaps be looking to jointly borrow in the region of £300k and looking at 15-20 years mortgage term). Any thoughts on likely lender attitudes to this scenario / suggestions for who to PM for some expert advice would be appreciated. Edited May 3, 2015 by sipar69 Quote
MITZ@CougarStore Posted May 3, 2015 Posted May 3, 2015 Try Sarnie/Liam on the forum, he'll be the one in the know... 1 Quote
nissanman312 Posted May 3, 2015 Posted May 3, 2015 Try Sarnie/Liam on the forum, he'll be the one in the know... +1 helpful chap 1 Quote
Keyser Posted May 3, 2015 Posted May 3, 2015 There are definitely lenders available for you - Sarnie sorted me - if you want his business email address just drop me a PM. Good luck with it all - I'd love to move back out into the country but it's not good for work at the mo 1 Quote
HEADPHONES Posted May 3, 2015 Posted May 3, 2015 I'm 43 and struggled with HSBC to get a mortgage of 1.2x income despite a 60% deposit. Self employed status maybe complicated things but been with HSBC 25 Yrs. Used a broker LONDON AND COUNTRY in the end and got 2.3x income. Very fast service. Daily updates. Their fees paid for by lenders not by purchasers. 1 Quote
nissanman312 Posted May 3, 2015 Posted May 3, 2015 London and country are great I think there one of the biggest lenders 1 Quote
sipar69 Posted May 3, 2015 Author Posted May 3, 2015 Thanks for all the advice folks. Good to know that being 40+ doesn't totally rule us out then. There are definitely lenders available for you - Sarnie sorted me - if you want his business email address just drop me a PM. Good luck with it all - I'd love to move back out into the country but it's not good for work at the mo To be honest, work is an issue for us to - both work in London, which cuts down the choices and bumps up the prices of suitable places. We've been looking at villages in Sussex and Hampshire - some nice places there. Hope to make the move in a couple of years. Quote
Bockaaarck Posted May 3, 2015 Posted May 3, 2015 (edited) Thanks for all the advice folks. Good to know that being 40+ doesn't totally rule us out then. There are definitely lenders available for you - Sarnie sorted me - if you want his business email address just drop me a PM. Good luck with it all - I'd love to move back out into the country but it's not good for work at the mo To be honest, work is an issue for us to - both work in London, which cuts down the choices and bumps up the prices of suitable places. We've been looking at villages in Sussex and Hampshire - some nice places there. Hope to make the move in a couple of years. What about somewhere around the Thame area? There's a station (Haddenham and Thame) which goes straight in to Marylebone station (about 50 mins direct, think Paddington is just over an hour). Edited May 3, 2015 by Bockaaarck 1 Quote
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