Mortgage At Mid 40's

[newbie99]

Hi...

I am wondering if I could still get a mortgage if I am in my mid 40's?
My current house is paid off and I wanted to move to a better area with better neighbours.

Any thoughts?

[VHG]

Yes my thoughts are you have not told us if you have a job, what you earn, if you have any debts, if you have any savings, if you are married and so on.

How can anyone say if you can get a mortgage or not without that sort of information.

[ummmm]

Being in your 40's won't stop you getting a mortgage.

[sherrardk]

Just because you move doesn't mean that you will have better neighbours.

[anneasquith]

true sher, but if she moves to a better area her neighbours may be better,

[sherrardk]

Money = better people ?

[jno]

definitely, sherrardk.

[newbie99]

Yes I am employed and do earn an average salary. I have no outstanding debt. I am single and have savings. My current house worth around £190k and hoping to sell it and borrow another £80k to get a larger home and better people.
If I move I at least I have a chance of meeting better neighbours. My current area is full of snobs and very narrow minded people. The neighbour always wanted to me to move as I don't fit in with them. So let their dreams comes true and I move on.

[Buenchico]

According to a front page newspaper headline yesterday (which I only glanced at in the Co-op, so I've got no details) only 3% of house purchasers are under 40 years old at the moment. So that suggests that the majority of people currently getting mortgages are probably your age or older.

[boxtops]

Age is no barrier to mortgage these days, most lenders will lend beyond retirement age these days. I took my most recent mortgage out when I was in my fifties - as it would go beyond retirement age, they wanted to see details of my proposed pension to make sure that I could still afford to pay it off, if it was still in place after I'd retired.

[dave50]

Why take on another mortgage when yours is paid off? Wouldn't you be better enjoying your life?

[pretty_snowdrop]

You will be able to get a mortgage while you are in your 40's, no problem as long as you can keep up the repayments. Better house doesn't necessarily mean better area or better neighbours.