I’m 65 and my interest-only mortgage is ending – what can I do?

Q I’m 65 and single, I work part time earning £23,000 a year (£1,560 monthly) on top of my private pension of £550 and state pension of £700 (both monthly). My interest-only mortgage will come to an end in November 2019 and I will still owe £112,000. The house is worth £190,000 and I want to stay in it. What are my options? PH

Mortgage Advice Bureau (LON:MAB1) is a leading mortgage network as well as the most recognised intermediary consumer brand, winning over 70 national awards for the quality of its advice and service during the last five years.

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