sipar69 Posted May 3, 2015 Share 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 Link to comment Share on other sites More sharing options...
MITZ@CougarStore Posted May 3, 2015 Share Posted May 3, 2015 Try Sarnie/Liam on the forum, he'll be the one in the know... 1 Quote Link to comment Share on other sites More sharing options...
sipar69 Posted May 3, 2015 Author Share Posted May 3, 2015 Thanks mate. Quote Link to comment Share on other sites More sharing options...
nissanman312 Posted May 3, 2015 Share Posted May 3, 2015 Try Sarnie/Liam on the forum, he'll be the one in the know... +1 helpful chap 1 Quote Link to comment Share on other sites More sharing options...
Keyser Posted May 3, 2015 Share 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 Link to comment Share on other sites More sharing options...
HEADPHONES Posted May 3, 2015 Share 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 Link to comment Share on other sites More sharing options...
nissanman312 Posted May 3, 2015 Share Posted May 3, 2015 London and country are great I think there one of the biggest lenders 1 Quote Link to comment Share on other sites More sharing options...
sipar69 Posted May 3, 2015 Author Share 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 Link to comment Share on other sites More sharing options...
Bockaaarck Posted May 3, 2015 Share 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 Link to comment Share on other sites More sharing options...
Commander Posted May 3, 2015 Share Posted May 3, 2015 Didcot FTW. 1 Quote Link to comment Share on other sites More sharing options...
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