Loughborough Building Society Increases Interest-only LTV to 70% for over 80's - IFA Magazine

Loughborough increases LTV on interest-only deals for over 80s – Mortgage Finance Gazette

Loughborough Building Society has increased the maximum LTV to 70% from 60% on interest-only mortgages that extend beyond the age of 80. The lender says the increased LTV is aimed at supporting borrowers seeking later life borrowing for purposes such as home improvements, debt consolidation,… The post Loughborough increases LTV on interest-only deals for over 80s appeared first on Mortgage Finance Gazette.

Loughborough BS increases max LTV to 70% on interest-only – Mortgage Strategy

Loughborough Building Society has increased the maximum LTV to 70% from 60% on interest-only mortgages that extend beyond the age of 80. The lender says the increased LTV is aimed at supporting borrowers seeking later life borrowing for purposes such as home improvements, debt consolidation, gifting, second home purchases, or even restarting homeownership following life events such as divorce. In September 2024, the society updated its affordabi…

Loughborough Building Society increases interest-only LTV to 70% for over 80's - IFA Magazine

Loughborough Building Society has further strengthened its lending in retirement proposition by increasing the maximum loan to value (LTV) to 70% on interest-only mortgages that extend beyond the age of 80. This replaces the previous 60% LTV cap and opens the door to a broader range of flexible finance solutions for older borrowers. This criteria enhancement is aimed at supporting borrowers seeking later life borrowing for purposes such as home …

The Loughborough raises interest-only LTV to 70% for over-80s

Loughborough Building Society has raised its maximum loan-to-value (LTV) from 60% to 70% for interest-only mortgages that run past age 80.  The change is aimed at giving older borrowers more flexible finance options, such as for home improvements, debt consolidation, gifting, second home purchases or getting back on the housing ladder after divorce. For applicants already aged 80 or over, the maximum income multiple remains at 3.5 times for both…