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Homeowner loans for over 60's

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aidand | 09:42 Thu 17th Nov 2005 | Business & Finance
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I need to know the implications of borrowing money that will be secured against my house as i am 61 yrs old and want to retire next year. Will my mortgage lender be bothered about how i will make the repayments back after i retire? It isnt a problem for me but i wonder if they will think it is a problem as i wont have an income as such.
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Avatar Image dannydingbat
Depends how much you are borrowing, who from and the value of your house. Probably best to contact a few lenders and ask the question.
20:48 Thu 17th Nov 2005

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