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Mortality a factor in aged lending declines

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Australian Broker | 21 Apr 2011, 06:00 AM Agree 0
Bank lending to older borrowers is subject to longevity risk calculations, not just NCCP-induced serviceability declines, a broker has claimed
  • Allan Faint | 21 Apr 2011, 11:59 AM Agree 0
    Have just had a loan knockes back because of age. The end loan was to have a lesser repayment the the rent they are paying. While rent will continue to increase loan repayments will stay about the same. If in the future the clients have difficulty affording the rent, maybe they can come back at this lender blaming them for the problem they are then in.
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