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Difficulties of getting mortgages for over 70s

Written by Sam Jones on Tuesday, 18 September 2012 19:35.

Due to the current financial climate lenders have been tightening up on lending criteria and maximum age is no exception. The first frustration of individuals looking to obtain mortgages for over 70s are that the majority of high street lenders will simply not consider lending to those in that age bracket. 

Parents pay the price for school catchment areas

Written by Sam Jones on Monday, 17 September 2012 20:18.

Parents pay almost £34,000 extra to buy a home close to the country's top performing state schools according to new research by one of the UK’s largest mortgage lenders, Lloyds TSB.

Junior Bar Face Increasing Difficulty Getting Barrister Mortgages

Written by Sam Jones on Sunday, 16 September 2012 21:50.

With only 12,000 self employed Barristers in the UK, the statistical chance of success to become a barrister is very small. There is growing criticism of law schools taking tens of thousands of pounds from would be barristers, when their chances of pupillage, let alone tenancy is now minimal. With huge debt in the background, new tenants can face enormous difficulty obtaining Barrister Mortgages given that their existing debts must be factored in to their financial commitments, when it comes to borrowing for their first home.

Mortgage for Extensions – An Answer to Moving?

Written by Sam Jones on Sunday, 16 September 2012 21:47.

With the recent news of house inflation, a credit crunch and restricted lending, it is little wonder that more people are looking to stay at their current property for longer and develop what they already own. Finance can be raised by way of a mortgage for extensions, which is basically an additional credit facility topping up an existing mortgage, used for the purposes of home improvements.

Over 60s Mortgages - Gateway to New Lifestyle

Written by Sam Jones on Saturday, 15 September 2012 17:23.

With the over 60s owning an estimated £841 Billion in property* - some are looking to take out over 60s mortgages to improve their lifestyle.

British Expats paying too much on their mortgages?

Written by Sam Jones on Friday, 14 September 2012 19:56.

Many expats could be paying too much on their mortgages as they can often lose touch with their UK finances and end up on their lender's standard variable rate when they move overseas.

Pensioner Mortgages - the Forgotten Generation

Written by Sam Jones on Thursday, 13 September 2012 13:18.

The news today repeatedly focuses on how difficult it is for young first-time buyers to get a mortgage, but there is a whole other generation that are being quietly locked out of the housing market too - those looking for pensioner mortgages.

Birmingham Midshires withdraw from holiday let mortgages

Written by Sam Jones on Thursday, 13 September 2012 12:15.

Birmingham Midshires have withdrawn from the holiday let mortgage market by removing their House-2-House product from the market for new customers.

Mortgages for Over 60s even more difficult to obtain?

Written by Sam Jones on Wednesday, 12 September 2012 17:27.

Motgages for over 60s could be harder to obtain due to lenders tightening their lending policy.

HSBC offer increase in availability of mortgage for extensions

Written by Sam Jones on Tuesday, 11 September 2012 21:57.

HSBC have announced that it will increase lending for home improvements and this will include the availability of mortgage for extensions.