Hi, just trying to get some high level info to help someone out.
They are mid 50s in secure employment (garda) however retirement age is 62.
Homeowner, no mortgage and lets assume no other loans.
Looking at separation and whether they may be able to obtain mortgage... Will lender look up to age 62 only or go to later age as they expect to continue working? My own mortgage is up til my mid 60s.
Should they wait til legal separation agreed before taking out new mortgage?
Any other things to be aware of?
I did a transfer of equity myself few years back and bought my ex hpuse but this situatuon is different
Any info appreciated
They are mid 50s in secure employment (garda) however retirement age is 62.
Homeowner, no mortgage and lets assume no other loans.
Looking at separation and whether they may be able to obtain mortgage... Will lender look up to age 62 only or go to later age as they expect to continue working? My own mortgage is up til my mid 60s.
Should they wait til legal separation agreed before taking out new mortgage?
Any other things to be aware of?
I did a transfer of equity myself few years back and bought my ex hpuse but this situatuon is different
Any info appreciated