counter Major building society to allow first-time buyers to take out 40-year mortgages into retirement – Forsething

Major building society to allow first-time buyers to take out 40-year mortgages into retirement

A MAJOR building society will now allow first time buyers to take out 40-year mortgages to help them get on the property ladder. Nottingham Building Society has scrapped its loan to value cap on lending into retirement, which will allow buyers to extend their mortgage term to age 75. The move will allow younger first…

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