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Mansfield Building Society extends lending criteria to support older borrowers
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Mansfield Building Society extends lending criteria to support older borrowers
Mansfield Building Society has made a number of changes to its lending criteria to support borrowers looking for mortgages in or into retirement. The maximum age for capital repayment lending has been pushed back by 10 years, so borrowers can now repay their mortgage before they turn 95. The maximum loan to value (LTV) for later life lending was also raised from 70% to 75%, and this can now start from age 75 for non-manual workers, compared to…
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