09 February 2017
Family Building Society are championing Later Life Lending, they lend to older borrowers where other lenders may not.
They are committed to supporting this under served market and here are a couple of their USPs:
•Their terms are generous and they'll lend when other lenders still say "no" - they could potentially lend for five years to an 89 year old and also have a maximum 16 year term for a 70 year old, for example.
•They'll also take into account income from employment up to the age of 70 and pension income beyond that. Additionally, they accept rental and investment income evidenced on an SA302.
You can find a lot more information on their later life lending page here.