TheTuneMan
Registered User
- Messages
- 3
Hi Everyone,
I suspect I'm going to be using this forum alot for the next 6 months ;-)
I'm 29 and my Civil partner is 67. We want to deep retrofit our home (which is my partners with no mortgage) to make it more energy/heat efficient.
We applied initially however were refused by Ulster and PTSB because my partner is 3 years away from 70 which is the max term.
I am in a very stable fulltime job for the past 7 years and have been told I can borrow up to 240k however there is this condition it can only be for 3 years because of my partners age.
The house is fully owned by my partner and is freehold (he owns the land too). Its current LPT is valued at 550k. We are only looking to borrow under 200k which is less than half the value of the property.
He is semi retired on a state pension and the figure above is for a mortgage based on my earnings. I was told the mortgage has to be in joint names because we are civil partnered and thus cannot consider an application.
If anyone has any advice it would be very much appreciated.
Many thanks!
I suspect I'm going to be using this forum alot for the next 6 months ;-)
I'm 29 and my Civil partner is 67. We want to deep retrofit our home (which is my partners with no mortgage) to make it more energy/heat efficient.
We applied initially however were refused by Ulster and PTSB because my partner is 3 years away from 70 which is the max term.
I am in a very stable fulltime job for the past 7 years and have been told I can borrow up to 240k however there is this condition it can only be for 3 years because of my partners age.
The house is fully owned by my partner and is freehold (he owns the land too). Its current LPT is valued at 550k. We are only looking to borrow under 200k which is less than half the value of the property.
He is semi retired on a state pension and the figure above is for a mortgage based on my earnings. I was told the mortgage has to be in joint names because we are civil partnered and thus cannot consider an application.
If anyone has any advice it would be very much appreciated.
Many thanks!
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