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Where to go for a mortgage?

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  • 09-05-2012 5:49pm
    #1
    Cianthesaint
    Registered Users Posts: 14 ✭


    Hi all..

    Just need a bit of advice..

    I am a 63 year old married man and were both retired. I am looking to invest in a property for €95000. I currently own my own home but looking for a second place so I can rent out.

    Where is best place for one at the minute? I am looking for it over 20-25 years. Will they even give me one considering we're both retired?

    Any help appreciated
    Thanks.


Comments

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    #2
    ravima
    Registered Users Posts: 848 ✭✭✭ravima


    to put it bluntly, you won't get a mortgage.


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    #3
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,271 Mod ✭✭✭✭Jim2007


    Cianthesaint wrote: »
    Will they even give me one considering we're both retired?

    Not a chance as your age is against you. You might stand a chance with a commercial loan, but you'll be expected to put up more than the property as collateral and of course the interest rates would be higher


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