Over 50 and looking for a mortgage? Call Deal Direct on 0800 048 8828.
After turning 50, you may have found that finding a mortgage, and getting it approved, becomes tricky because of your age.
Many lenders take the view that after a certain point in life, there is a higher risk of factors that could mean you are unable to fulfil your mortgage repayments. These include the amount of time you have left to work and the possibility of illness, etc.
The perceived risk for lenders may cause them to hesitate when it comes to approving your application.
Some less flexible lenders may base their decision on your age, even though you may be:
- Starting a brand new career.
- Coming up to retirement with a pension.
- Already retired with a steady pension income.
- Coming into an inheritance.
- Looking to use your savings and returns on investments.
- Selling off other properties and using the capital.
- Downsizing.
Deal Direct has strong relationships with lenders who specialise in offering mortgages with tailored underwriting. This means that having taken your individual circumstances into consideration, we can then look at all the available options and advise you accordingly.
At Deal Direct, we know that being 50 or more, does not automatically mean the rejection of your mortgage application. Call one of our professional advisors today for free, impartial advice or fill in the form below to receive an instant quote.
For a low rate mortgage, call Deal Direct now on 0800 048 8828.
