Nationwide extends its upper age limit for remortgaging home-owners.
Nationwide Building Society has just announced its plan to extend its maximum age for remortgage borrowing. From mid-July the upper limit will now be 85 years of age.
This option will be made available across the lender’s entire product range on deals for up to 60% LTV, with a limit for any new borrowing of £150,000. LTVs will be limited to a maximum 60%.
This is positive news for older borrowers and will hopefully lead other lenders to follow suit.
If you are looking at remortgaging and would like to see what deals are on offer at your equity level, speak to an adviser at Deal Direct.
We will search through every lenders range to find you a more competitive offer to help you switch to a lower rate or release equity. Now is a great time to be remortgaging as average rates are falling and there are now some really competitive deals to be had.
Rates currently begin at under 1% and so you could save a huge amount on your home by switching now.
If you would like impartial remortgage advice and a low rate quote call us today.
For no-obligation advice speak to us on 0800 048 8828.
