{"id":720,"date":"2022-03-15T12:19:23","date_gmt":"2022-03-15T12:19:23","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=720"},"modified":"2022-03-15T12:19:26","modified_gmt":"2022-03-15T12:19:26","slug":"is-it-possible-to-get-a-mortgage-if-youre-retired","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2022\/03\/15\/is-it-possible-to-get-a-mortgage-if-youre-retired\/","title":{"rendered":"Is it possible to get a mortgage if you\u2019re retired?"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Becoming\na homeowner later in life is not uncommon these days, but getting a mortgage\nbecomes more challenging after the age of 55, largely because it is harder to\nprove retirement income than it is a salary. Mortgage providers will also want\nto be sure you\u2019re able to pay off the loan during your lifetime.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Providing\nyou can prove your income some lenders are willing to offer mortgage finance to\nretirees. Income sources include savings and a private or workplace pension (or\na mixture). Together with an outline of your expenditure, this will help prove\nyou will have enough to live on and to pay your mortgage for the duration of\nthe term.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>You\nmay be offered a shorter mortgage term or a higher interest rate, depending on\nyour age and the lender, because most lenders have a maximum age by which they\nwill want the mortgage to be paid off \u2013 this can be as high as 85 or as low as\n70.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>Challenging\ndoesn\u2019t mean impossible, so get in touch for advice to secure mortgage finance\nthat suits your circumstances.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>It is\nimportant to take professional advice before making any decision relating to\nyour personal finances. Information within this article is based on our current\nunderstanding and can be subject to change without notice and the accuracy and\ncompleteness of the information cannot be guaranteed. It does not provide\nindividual tailored investment advice and is for guidance only. Some rules may\nvary in different parts of the UK.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Becoming a homeowner later in life is not uncommon these days, but getting a mortgage becomes more challenging after the age of 55, largely because it is harder to prove retirement income than it is a salary. Mortgage providers will also want to be sure you\u2019re able to pay off the loan during your lifetime. [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/720"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=720"}],"version-history":[{"count":1,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/720\/revisions"}],"predecessor-version":[{"id":722,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/720\/revisions\/722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/721"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=720"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}