Embracing the distinct needs of later life borrowers:
How flexible criteria can address multiple circumstances
Wednesday 19th March - 12.30pm -1.15pm
Your details:
Embracing the distinct needs of later life borrowers:
How flexible criteria can address multiple circumstances
Wednesday 19th March - 12.30pm -1.15pm
Overview
Family Building Society and Mortgage Solutions bring you a masterclass discussing how the mortgage market can cater to the needs of the changing later life borrower. The session will look at the evolving and growing demographic of later life borrowers, the benefits of different mortgage repayment structures, the need for flexibility when considering complex income and the increase in intergenerational lending.
This will include:
The Bank of Family: the instances of parents and grandparents lending to family members, as well as adult children gifting to parents, and how that relates to the later life market
Consideration of a wide variety of different incomes: lending options for people already in retirement, or who are still in work but plan to retire over the term of the loan, those in need of different repayment options, and those with complex income streams
Increasing education: how lenders and advisers can make borrowers aware of their different options available in later life
Broad criteria: the ways in which flexible and wide criteria can suit different needs
Presenters
Grace Bennett
Business development manager Family Building Society View Biography
Stuart Heavens
Business development manager Family Building Society View Biography
Shekina Tuahene
Deputy editor and commercial editor Mortgage Solutions View Biography
