I am coming to the end of my mortgage term and had an % only loan, have about £80000 equity and wanted to re buy but as i am 52, thisis restrictive. I am due about £75000 lump sum @ 60 when i retire, what ar the chances of getting a mortgage for about £60000, 30 of which on an interest only basis in view of my large deposit?
Hi Robbo. There are too many variables to comment one way or the other on here. I would suggest a chat with one or both of our mortgage experts: Ryan and Shaun.
You can find their contact details under the "Ask a Question" tab ( top left) and scrolling down to the experts details section.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
