What happens went they want your Mortgage money?

[SueEllen]

Halifax raises mortgage borrowing age limit to 80 | Money | The Guardian

Halifax just gone to age 80 - 'others will have to follow".

The Internet says I'm only going to live until 85, so I'm nearly covered and there's plenty of time left for our world-leading Financial Services sector to get around to add another uplift.

Not after that "accident" I've arranged for you after taking out a life insurance policy on you.....

[Cirrus]

Wow- That was Quick!!!

Nationwide raises home loan age limit to 85 years - BBC News

"Tom McPhail, head of pensions research at Hargreaves Lansdown, told the BBC the change could shake up the mortgage market.

"Why pay off the mortgage at at all?" he said on Radio 5 Live.

"As long as the value of the property is there to meet the liability in the future, why worry about paying it off when you are alive?" he added"

[DimPrawn]

Nationwide raises home loan age limit to 85 years - BBC News

"Tom McPhail, head of pensions research at Hargreaves Lansdown, told the BBC the change could shake up the mortgage market.

"Why pay off the mortgage at at all?" he said on Radio 5 Live.

"As long as the value of the property is there to meet the liability in the future, why worry about paying it off when you are alive?" he added"

Renting from the banks. That is the future. Back to interest only, 100 year terms. You buy a house, rent it from the bank and when you die, your family sell it and pay off the mortgage.

As long as prices go up forever, this is great.

[dx4100]

Renting from the banks. That is the future. Back to interest only, 100 year terms. You buy a house, rent it from the bank and when you die, your family sell it and pay off the mortgage.

As long as prices go up forever, this is great.

Sounds great for the inheriting children... Less so for the idiot with a mortgage for life...

[vetran]

Sounds great for the inheriting children... Less so for the idiot with a mortgage for life...

if my mortgage was at 2% from 30 years old it would be the equivalent of £20 a week when I'm 80.

[unemployed]

Halifax raises mortgage borrowing age limit to 80 | Money | The Guardian

Halifax just gone to age 80 - 'others will have to follow".

The Internet says I'm only going to live until 85, so I'm nearly covered and there's plenty of time left for our world-leading Financial Services sector to get around to add another uplift.

world has gone fecking nuts , i`m not even 40 yet and the thought of having to pay a mortgage makes me want to live in a van with a bed in the back

[psychocandy]

I would imagine that anyone paying an interest-only mortgage knows EXACTLY how they are going to repay that actual mortgage at the end of the mortgage period.

If they don't then they're idiots.

(Say the smug git who paid her mortgage off in the first 3 years of contracting.)

You must be:-

A) Minted, or
B) Live in Wales (pop in to see me!)

[The_Equalizer]

You must be:-

A) Minted, or
B) Live in Wales (pop in to see me!), Scotland, Northern Ireland or anywhere north of the Watford Gap.

FTFY

[vetran]

You must be:-

A) Minted, or
B) Live in Wales (pop in to see me!)
C) A lot better paid than you are. Or claims more JSA
D) Following the SueEllen method and has 3 hubbies/Wives under the Patio

FTFY

[ChimpMaster]

You must be:-

A) Minted, or
B) Live in Wales (pop in to see me!)

Probably just very well planned with a lot of sacrifices along the way. Perhaps a helpful inheritance too