Property News · April 16, 2016

Thought you were too old to get a mortgage? Now you can have one at 95


A deal with a cut-off age of 95 has been hailed as a ‘massive shot in the arm for the mature borrower market’Think you’re too old for a mortgage? Think again. Guardian Money can reveal details of a new home loan you can have until you are 95.As the name suggests, the 55+ Mortgage is exclusively for over-55s and is being described as “a flexible way to borrow money in later life”. This isn’t an equity release deal – it’s a standard mortgage where you pay the interest on the loan each month and retain 100% ownership of your property. Continue reading…

Source : theguardian.com
Read more…Thought you were too old to get a mortgage? Now you can have one at 95

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