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Birmingham Post
Birmingham Post
Business
Peter McGahan, chief executive of Worldwide Financial Planning

Mortgage apathy can cost £160,000

Following last week’s coverage on the benefits/advantages to use a mortgage broker rather than going to a high street, I mentioned I would cover the savings in rate charges. They are quite staggering, so hang on in while I ramble back over a couple of points I’ve missed.

While I mentioned last week that the maximum mortgage term was 40 years, I forgot to also mention the minimum term, which is as low as one year with some lenders.

In terms of maximum age, I also forgot to mention that one lender allows lending up to age 95.

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