Property News · May 9, 2016

Nationwide raises mortgage borrowing age limit to 85


The last age at which the society will grant a mortgage is 80 years old, to run for five yearsNationwide is to raise the maximum age limit for its mortgages from 75 to 85, the highest of any major lender, in a change of policy that it says reflects Britain’s ageing population. The building society’s move leapfrogs Halifax, which last week raised its age limit to 80. Many older borrowers have struggled to obtain mortgages, despite changes to employment habits, with many workers staying in their jobs until the age of 70 or more. Continue reading…

Source : theguardian.com
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