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Nationwide raises upper age limit for mortgage borrowers By Joanne Atkin in Lending news 9th May 2016 Comments Off on Nationwide raises upper age limit for mortgage borrowers Nationwide Building Society is the latest lender to increase its maximum age for mortgage maturity, moving from 75 to 85 years old.

Major U.K. mortgage lenders hiked the upper-age limit for home loan approvals on Monday. which will allow Britons to buy houses later in life. Nationwide Building Society will allow existing.

Rivals expected to follow Nationwide’s age limit lead By Peter Walker Nationwide’s move to increase its maximum age for mortgage maturity could see rivals follow their lead, according to.

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Current Nationwide mortgage holders can apply from 55 up until their 95th birthday. Non-Nationwide mortgage holders can apply from 55 up until their 85th birthday. Depending on the right option for you, you may need to be receiving a state, private or workplace pension and the property needs to or will be your main residence.

There are eight societies, including Nationwide, that lend to borrowers aged 85 at the end of the mortgage term. And, 16 societies including Ipswich, Tipton & Coseley, Marsden and Penrith, have no.

He points to the age restrictions on travel policies as a particular area of concern. “Most have upper. mortgage rates for account holders, a feature that attracted Kate and Dave Hughes from.

P.D. writes: I have been a loyal Nationwide account holder for more than 40. The only mention of any kind of age limit on cover says: ‘There is an upper age limit of 75.’ Yet, sure enough, page 14.

To qualify for HSBC’s Premier account, you must either have savings or investments of at least £50,000 with HSBC in the UK, or have an annual income of at least £100,000, along with a mortgage.

Piecemeal change is already taking place, of course; Nationwide will raise its upper age limit for mortgage lending to 85 in July, an acknowledgement not just that working years are extending, but.

Nationwide Building Society. as an option for their retirement savings," Mr Jordan said. ‘Sorry, no mortgage at 48 – your husband’s too old’ "Our removal of upper age limits at maturity will.

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