Helen Nugent

Money digest: today’s need-to-know financial news | 9 May 2016

Just days after Halifax and Scottish Widows said they would raise their age limit for mortgages from 75 to 80, Nationwide has announced it is increasing its threshold too.

The UK’s biggest building society is raising its age limit for borrowers by ten years to 85. The change – which applies to when a mortgage term ends, not the maximum age a borrower at which can apply for a loan – is yet another sign of the impact of rising house prices on buyers.

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