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By *odareyou OP Man
over a year ago
not far from iceland,,,,,, tescos is nearer though :-) (near leeds) |
The building societies are extending the age at which your mortgage can mature ,
I m pretty sure I'd not want a mortgage into my eighties. 
Thoughts ? |
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By (user no longer on site)
over a year ago
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"The building societies are extending the age at which your mortgage can mature ,
I m pretty sure I'd not want a mortgage into my eighties.
Thoughts ?"
Martin Lewis did explain it would only work for those with large private pensions or those who only needed maybe Five to ten years mortgages |
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By (user no longer on site)
over a year ago
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"The building societies are extending the age at which your mortgage can mature ,
I m pretty sure I'd not want a mortgage into my eighties.
Thoughts ?"
It's a good idea if it makes getting a mortgage at more manageable repayments later on in life easier for some people.
Let's say you're 50-55 and want to buy your own house as ex took last one for instance ?
Your monthly repayments on the mortgage over 10-15 years until your 65 would in my opinion be bloody HUGE !
So this is a very positive stepid forward by the lenders in my opinion especially as we are working and living longer now. |
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