Mortgage for 50 yr olds with one wage

Hi I need some advice please as I'm not up to speed with how things work

Selling house for €200 and owe €125, so left with €75 after EA and solicitor fees. Up to this we had hoped to buy a house that would leave us mortgage free but we had to reduce the selling price of our house and so will be in need of mortgage.
New house (trading down) costing approx €150

My query is regarding a new mortgage, we would need approx €80k


My husband (age 55) is on disability benefit and likely to be so for the future. I(age 49) earn €36k in public service.
2 children in college with grants and no loans or outstanding bills.

Would we qualify for a mortgage of that size based on my wages and our ages?

It's hard to see how you can pay off €80k over the 15 years left to your retirement out of a salary of €36k.

Have you told your existing lender that you have sold your house? If not, then tell them you want to sell your house, and apply for a trade down mortgage. They are likely to give this to you.

Brendan

Trade down mortgage is your only option here. Given your financial circumstances you will not be in a position to obtain a new mortgage.

Thank you