Is anybody here familiar with what the BTL mortgage market was like for older borrowers back in 2006? I want to know what sort of term could have been given to someone who was female and 59 - one year from retirement - in 2006. Would a mortgage company back then have entertained a loan going, say, past her 70th birthday, or maybe longer than 10 years?
Also, what may have been the minimum amount a mortgage company would have
been interested in lending? Can mortgages be as small as a few thousand,
or is it necessarily a larger amount?
I'm trying to assess how hard someone else's muck might hit the fan, and
when it might happen, before I get splattered by the fallout.
- posted 5 years ago