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Advice Needed - 60 yrs old wanting mortgage
Comments
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Sorry, but I confused Yorkshire Building Society with Yorkshire Bank.
This is the Bank:
Our primary objectives supporting this strategy continue to be:- building trust amongst our employees, customers and other key stakeholders
- making balanced decisions
- enhancing our reputation.
http://www.ybonline.co.uk/about-yorkshire-bank/corporate-social-responsibility/0 -
Borrow £35k to buy a new car and pay off some existing credit card debts
They won't be paying off any debts, just transferring them from an unsecured basis to a loan secured on their house - meaning if they can't keep up the repayments they could lose their home. Buying a new car and taking on more borrowing should not be a priority for them at their age - after all they will be dead soon.poppy100 -
Not all that soon though. Check the mortality tables...0
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http://www23.wolframalpha.com/input/?i=life+expectancy+U.K.+male+age+64Robert_Sterling wrote: »Not all that soon though. Check the mortality tables.poppy100
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