Increase in the upper age limit for borrowers.
You might not have noticed, but during the Spring and Summer of 2016 there was a flurry of activity as lenders announced (in quick succession) an increase in the upper age limit for borrowers.
First came the Halifax with an increase from 75 to 80, quickly followed by the Nationwide allowing existing customers with a retirement income, to borrow up to the age of 80, with a maximum age at maturity of 85.
Read more: Increase in the upper age limit for borrowers.
National Mortgage Index February 2017
Cooling Buy-To-Let Activity Helps First Time Buyers Get a Foot on the Ladder
Latest data from Mortgage Advice Bureau, the UK’s leading mortgage broker, points to initial signs of a potential correlation between an increase of First Time Buyers getting their foot on the ladder and a decrease by those purchasing in the Buy-To-Let sector.
Read more: National Mortgage Index February 2017