Many of the big building societies have now increased the max age for paying off a mortgage up to 85 years old. This means you cold take out a 25 year mortgage at 60 years old. Could be good for full timers who have had enough and want to settle down again in later years.
This could have a positive effect on house prices. Anyone fancy taking out a mortgage at 60 or a second mortgage to enable you to get a new motorhome maybe.
This could have a positive effect on house prices. Anyone fancy taking out a mortgage at 60 or a second mortgage to enable you to get a new motorhome maybe.