The Times - Older borrowers still facing exclusion
The prediction that the base rate could fall again is producing a new crop of bargain mortgage rates.
Aaron Strutt, at Trinity Financial, told The Times: “Lenders have such wildly different criteria and the rules regularly change. Many of the regional building societies are lending to older borrowers, but their rates are more expensive than the bigger banks. In the past they have told us they have been inundated with applications from older borrowers.
“Santander accepts applications up to 75, providing the client works in an office-based role or can demonstrate that they will be able to work. Lots of the other lenders are not so generous.”
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