I have a client who is 85 years old and he is looking to move. He has £115,000 in the bank to purchase a new house (he is renting at the moment) and the purchase price is £1300000. He requires a £15,000 mortgage. His joint income with his wife (all pension income) is £2000 per month. Happy to make monthly payments. Is there anything you can offer?
Ask the Specialist response:
Many thanks Kevin.
This looks as though it could be a scenario we would be able to help with providing that the mortgage would remain affordable should one of the applicants pre-decease the other.
However the minimum mortgage we are able to assist with is £50,000.