Who says age don't affect a loan

badmemory

Pixie5740 wrote: »

I thought all pensioners were poor which is why you get a raft of benefits including a triple locked state pension.

Only those that didn't save whilst working or continue working until 66. One mustn't forget of course those WASPI women who were too unnoticing (this is the polite version) to notice that their state pension age had increased. They only did the triple lock because the UK state pension was so far behind other EU countries. Those over state pension age who voted to Brexit should be delighted that that benefit is soon to be removed.

barbarawright

Who *does* say that age doesn't affect your chances of getting a loan? It's not something I've ever seen claimed here

jackieblack

discat11 wrote: »

There IS a point there though - I don't know of any mortgage for example that accepts the pension age to be above 65 either.

I remortgaged last year and could only get a 14 year term as they wouldn't go beyond 65.

Not my experience - Nationwide told me last year that I could have a 25 year term (I'm late 40s) because they could see pension deductions on my payslips.

A quick Google found this, in relation to mortgages:
Nationwide – Maximum age at the end of mortgage term is 85.
Halifax – Maximum age at the end of mortgage term is 80.
Barclays – To be repaid by 70 or retirement, whichever is the sooner. Other applications considered on an exceptional basis.
Chelsea Building Society – Must be repaid by the age of 75. Although may consider beyond 75 on an individual affordability assessment.
Clydesdale Bank – Interest only loans must be repaid by 70. Repayment mortgages by 75. Individual cases considered.
HSBC – No set age limit for repayment but loans after the age of 75 are reviewed on an individual basis.
Leeds Building Society – Must be repaid by the age of 75.
Mansfield Building Society – Some loans can be repaid up to the age of 80.
Metro Bank – No maximum age providing you meet their affordability checks.
NatWest – Must be repaid by the age of 70.
Santander – Interest-only loans must be repaid by the age of 65. Repayment mortgages by the age of 75, or by the time you have retired, whichever is the sooner.
Tesco Bank – Must be repaid by the age of 75.
Yorkshire Bank – Interest only loans must be repaid by 70. Repayment mortgages by 75. They will look at individual cases beyond that.
Yorkshire Building Society – Must be repaid by the age of 75. Although may consider beyond 75 on an individual affordability assessment.

Murphybear

Pixie5740 wrote: »

I thought all pensioners were poor which is why you get a raft of benefits including a triple locked state pension.

Tell us about the raft of benefits we get.

£200 per year per household for gas/electricity. Doesn't begin to cover the extra it costs as we are not out of the house all day

Free prescriptions. There's hardly anyone who doesn't these days

£10 Xmas bonus. Others get this and how far does this go?

Free bus pass. This is great if you live in an area where there are lots of buses that actually go where you want. A lot of us don't have any bus service worth speaking of

Pension Credit? Takes you from being on the bread line to almost being on the breadline

Where's the others on the raft?