Friday, 12 November 2010

Santander tighten up lending into retirement

Santander (Abbey and Alliance & Leicester to you and me!) have announced today that "evidence is now required for both current and retirement income on all applications where a mortgage term goes beyond the applicant’s stated retirement age". So in other words if you want to borrow beyond the age you state that you plan to retire, they will want proof of your retirement income............ no matter if it is in 35 years time!

No comments:

Post a Comment