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Later Life Lending

 

Recently we helped a 62-year-old client nearing the end of their mortgage term. Facing intense pressure to pay off the loan, the client feared they would be forced to sell their family home.

 > Key obstacles included:

  • Age: He required a mortgage term extending to retirement at age 80.
  • Income: Reliant on self-employed earnings from the most recent year’s accounts.
  • Credit history: Past blips meant limited access to many other lenders.
  • End-of-Term pressure: Risked losing home due to lender’s demand for full repayment.
  • Interest-Only preference: Needed to keep monthly payments manageable.

> Our Specialist Lending Solution

  • Extended term: Approved a 17-year mortgage aligned with retirement plans.
  • Interest-Only structure: Offered a £300,000 loan with affordable monthly payments.
  • Can-do underwriting: Accepted the latest accounts, viewing minor credit issues as immaterial.
Our client told us that our service was spot on and we literally saved the client’s home”.

We’re keen to help more clients aged 50 to 90+, even in situations where other lenders cannot.

Please let us know if we may be able to help you too!

Info@borderms.co.uk


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