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First Time Buyers Are Now Older - Lenders Demand Review Into Age Limits

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The home loans that will last into your 80s

Maximum age limits on paying off mortgages could be stretched meaning homeowners could take out home loans that last into their 80s, lenders proposed yesterday. Most banks and building societies currently demand mortgages are paid off by age 70 or 75, meaning many middle-aged would-be borrowers are turned down or forced into shorter-term deals.

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Why isnt their an age limit on rents?

Why should an 80 yr old still be paying rent to his/her landlord?

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Why isnt their an age limit on rents?

Why should an 80 yr old still be paying rent to his/her landlord?

Rent/mortgage......only a matter of time, all the same.;)

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Longer mortgage terms mean more interest to pay. Bankers don't want debt slaves to be able to retire when they could be working for them. The future is service debt until you die.

This is correct.

They need to stretch the affordability limits by whatever metric they can. Age, multiples, no. earners., govt slush funded pseudo deposits etc etc,

This they think will keep their ponzi scheme and income flowing into their pockets.

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This is correct.

They need to stretch the affordability limits by whatever metric they can. Age, multiples, no. earners., govt slush funded pseudo deposits etc etc,

This they think will keep their ponzi scheme and income flowing into their pockets.

Is this the Japanese model in retrospective?

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