Over 40 and looking for a mortgage?
If you are over 40 years old and looking for a mortgage, the advice is don’t go it alone when searching for a deal.
A recent study by the Nottinghamshire BS, has found that 1 in 5 mortgage applicants advise they have been turned down for a mortgage/remortgage in the last two years, with age cited as the reason.
If this is your predicament seek advice from us at Deal Direct, as this problem is set to get worse not better as stricter mortgage rules have led some lenders to lower their age limits.
Those who fair the worst are borrowers in their 50s, if you are an older applicant call 0800 048 8828 to discuss your options.
Lenders are now being encouraged to use their common sense when interpreting mortgage affordability rules, and lend to older borrowers who can clearly afford to make their repayments.
If you are looking for a mortgage it is highly recommended that you don’t make the search on your own, because an independent ‘whole of market’ broker has access to ALL lenders mortgage ranges.
If you make the search yourself you limit the number of lenders you will contact, you might find no none of the ones you choose views older borrowers in a favourable light.
If you contact one of our advisers at Deal Direct, we can search through deals offered from lenders who we know aren’t so strict about lending to older borrowers.
If you want to discuss your mortgage options call us today.
Speak to an adviser at Deal Direct.
0800 048 8828
