obtaining a mortgage on age restricted property

[ruggief]

Hi,

Not sure where to post this but this seems to be the most logical. My parents are selling their house and want to move to a flat in a building which has an age restriction on that all occupants need to be over 60, although there is no restriction on who buys it. They will need to take out a small mortgage but neither work. Does anyone know of a firm who will allow them to do this using their pensions if I guarantor the rent? (sort of reverse of them doing it for me years ago). I'm googling without success as I cant find a lender who will offer a mortgage on a property with this sort of age restriction. Many thanks

[Nibble]

Try reading through this, I think it may have something to help with your question. http://www.fancyamort...agesfortheOver60s.asp