Subprime lenders extend mortgage lifetime age to 75

Subprime mortgage lenders are offering deals to customers who are in arrears that will see them still paying off their loans when they are 75.

9th October, 2010
Subprime lenders extend mortgage lifetime age to 75
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Subprime mortgage lenders are offering deals to customers who are in arrears that will see them still paying off their loans when they are 75.

The Sunday Business Post has learned that two lenders, Springboard Mortgages and Start, have offered to extend the lifetime of some customer mortgages until the customer is 75, in an effort to spread loan repayments over a longer term and bring down the monthly repayment required to pay off the balance.

Springboard...

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