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help! mortgages and the "not as young as she used to be" age group

(6 Posts)
unavailable Sun 28-Jun-09 21:24:16

I am 44. If I was to apply for a mortgage how long a term could I be I looking at ? - I imagine I couldnt apply for a full 25 years as I would be seen as a bit too much of a risk. I expected to retire at 60, but not really sure about that.

If I sound a bit clueless, its because I am. You all seem to know what your talking about!

sweetfall Sun 28-Jun-09 21:27:11

up to age 65th birthay so 21 years or slightly less

ABetaDad Sun 28-Jun-09 21:28:36

Went to the bank recently and they said no more than 20 years duration as I was 45 at the time.

ilovemydogandmrobama Sun 28-Jun-09 21:31:51

Get a 10 year mortgage?

Think the other thing that will be taken into account is your pension and your retirement plans

unavailable Sun 28-Jun-09 21:32:12

Thank you both. That is better than I thought.

unavailable Sun 28-Jun-09 21:38:48

Sorry Ilovemydog - didnt see your post before my reply.

I dont think I can afford a 10 year as I need to borrow more than I had previously planned for.

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