You told us…
the top 3 requirements for Older Borrowers…
Earlier this year we asked for your opinion on the later life market. With a growing demand in the market for Older Borrower mortgages you highlighted your 3 main requirements when looking at clients…
- Interest only mortgages
An important requirement for your clients who are wanting to continue with their existing or need an interest only mortgage in retirement. - Downsizing as a repayment vehicle
With plans extending into retirement, your clients have future plans to downsize but, in the meantime, want to remain in their family home. - Product terms
Your clients are looking for competitive product terms as there’s a worry that they’re not going to be supported- many having already come across this with their existing lender.
We have mortgage solutions for all 3 and are committed to this market…
Our Older Borrower range supports interest only mortgages in retirement, has options for clients to use downsizing as a repayment vehicle and we have competitive product terms.
Not only do we offer all this but our tailored Older Borrower range demonstrates our continued commitment to this market so you have no concern about your customers having options at the end of their product terms.
