The HouseHome Mortgage That Will Last Into Your 80s

Maximum age limits on settling home mortgages could be stretched meaning property owners could get homemortgage that last into their 80s, lenders proposed yesterday.Most banks and constructing societies currently require home loans are settled by age 70 or 75, implying many middle-aged potential customers are declined or forced into shorter-term deals.But the Structure Societies Association has actually

demanded a review of age limitations, in recognition of the increasing age of first-time buyers. It might mean home buyers getting home mortgages in their 40s. This action is among nine suggestions in an interim report, Lending into Retirement, published yesterday.