Mortgage at 50

[NorthGirlie]

Hello,
I’m currently mortgage free but have to sell the family home and split with stbx. I’m definitely going to need another mortgage to get anywhere decent. Probably about £50-£70k. What are my odds of getting that at my age (soon to be 50)? I’m in a good job and will get a lump sum on retirement.
I really didn’t want to get another mortgage but looks like I’ll have to.

Your age won't be a problem you've got 17 years to retirement.

You can take out a mortgage until retirement age very easily if you have the income. I did just that on divorce, older than you and four times as much 😑.

Another question…

I’m looking at buying a new build (as I’d prefer that for ease etc.) but the houses aren’t ready until August. Do I have any rights to stay in the family home until then (I have 2 teenagers - one lives with me 100% and the other 50%)? He moved out in April 21 into a property he has inherited (not part of the marital pot, sadly) and we are still sorting settlement figures (he will get more than me due to the inherited property).
I really don’t want to have to move out into rented property and then move into the new build in such a short time frame. Plus, the eldest has A-level exams coming up so it’s just not practical.

My BIL was 50 when he and Dsis took out a mortgage, she is younger, but he was the higher earner.

@NorthGirlie

Another question…

I’m looking at buying a new build (as I’d prefer that for ease etc.) but the houses aren’t ready until August. Do I have any rights to stay in the family home until then (I have 2 teenagers - one lives with me 100% and the other 50%)? He moved out in April 21 into a property he has inherited (not part of the marital pot, sadly) and we are still sorting settlement figures (he will get more than me due to the inherited property).
I really don’t want to have to move out into rented property and then move into the new build in such a short time frame. Plus, the eldest has A-level exams coming up so it’s just not practical.

Isn't the inherited property an asset?

It will probably take until august to settle consent order. I don't know how far you are along in the process it was very slow for me and that was just on the courts time.

You can get that written into consent - I had it written in I had to remortgage within 12 months or he could force sale. Presumably you could do similar other way round. Issue is if there is a delay in new build after that date.

@CantLock
No, his solicitor has said not as it was acquired after the date we separated (well, the date I’d put down as from when we were living separate lives even though we were still living in the house).
I didn’t think about it at the time tbh but knew we’d been living ‘separately (different bedrooms etc.) for over two years. Yes, I have lost out there!!

Look at my reply to your other thread.

And I would certainly think waiting until August is fair, in the circumstances. You can start marketing the property once exams are done.