Can I get a 20-year mortgage when I'm due to retire in 17 years?



Can I get a 20-year mortgage when I’m due to retire in 17 years?

I can afford a 17-year loan, but as a super-cautious person I’d prefer a slight reduction in monthly outgoings

Q I am expecting to buy a small flat, for between £90,000 and £120,000 with a deposit of 15% – just before my 50th birthday. I will retire at 67.

Although I can comfortably afford the payments of a 17-year mortgage, as a super-cautious person, I would prefer a slight reduction in the monthly outgoings of a 20-year mortgage. I like to save and have a good amount of emergency money.

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Source: Guardian

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