Can you get a mortgage if you are 50 +?
My husband + self are 50+ and not by choice we are renting privately, the local council do not see us as a desperate case. our monthly income is approx £950 we pay £500 rent going up to £550 in october council tax is £114 per month we cannot claim discount as my husband has a personel pension included in monthley income, any advice would be welcome
Answer
I would think that technically it is
as simple for a 50+ to get a mortgage as it is
for a 20+. i am
thinking though that a 30 year mortgage is going to be a less likely viable option for the 50+ looking at the average 50+ persons budget and the mortgage lenders point of view. to be honest from the finance information you have stated it seems unlikely you could get a mortgage unless you have a large deposit fund. (note that i am
not a financial expert and have at best a vague clue about such matters) nice
luck to you anyway!
