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mrtickle

The Mortgage Works Loosens Lending Criteria

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http://www.themortgageworks.co.uk/news/article?id=2014-05-23 writes (my emphasis):

We've removed our upper age limits at maturity
And introduced a max age of 70 at application

Independent research from BDRC Continental shows that 75% of landlords view their property as their pension.


Yet the standard industry approach doesn't support this, because it often requires more mature landlords to sell their property in order to repay their mortgage at the end of the term.


That's why we've removed our upper age limits at term maturity and introduced a maximum age at application of 70.

Perish the thought that people should have to pay back their loans.

Let's just extend and pretend, on the basis of what a loaded survey reported about what people think.

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Running a BTL on credit hardly seems like a relaxing retirement to me.

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http://www.themortgageworks.co.uk/news/article?id=2014-05-23 writes (my emphasis):

Perish the thought that people should have to pay back their loans.

Let's just extend and pretend, on the basis of what a loaded survey reported about what people think.

The Estate will pay.

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