The Family Building Society doesn’t believe in a one size fits all approach to lending and is happy to work with you to find the mortgage solutions for your clients regardless of their circumstances.
We’re committed to helping those of you who are trying to support this growing number of older borrowers and we want to remind you that you we’re here to support you in these conversations. We continually support the intermediary market through our numerous advertising campaigns, building awareness of our unique ‘manual underwriting’ approach in order to help this underserved market. Our website hosts all the information you need on lending criteria, rates and our affordability calculator.
A reminder of our USPs
Our obligation to the older borrower remains strong. Take a look at our USPs below:
- Our terms are generous and we'll lend when other lenders still say "no" - we'll lend up to a 5 year term to an 89 year old and also have a maximum 25 year term for a 70 year old.
- We offer huge flexibility by lending into retirement - we've no upper age restrictions on our products (although the max mortgage term may be limited).
- We'll also take into account income earned up to the age of 70 and pension income beyond that. Additionally, we accept rental and investment income that can be evidenced on an SA302.
If you have any questions and want to know more about how we can help you, come along to see us at our stand at the various FSE events. If you miss us, please contact our dedicated Mortgage Desk (phone: 01372 744155 or email: Mortgage.firstname.lastname@example.org) and we’d be happy to help you.