Age should not be a barrier to better borrower outcomes
Simon Chapman, group head of marketing at Vida Bank, explores why good lending decisions depend upon understanding the individual borrower rather than using age as a proxy for financial resilience.
The learning objectives for this article are to:
- Why age alone need not determine the mortgage options available to a borrower.
- Why good customer outcomes depend upon appropriate access to credit as well as protection from unaffordable borrowing.
- How important it is to assess the wider financial circumstances of customers approaching or already in retirement.
- How flexible lending criteria can support older borrowers without compromising responsible lending standards.
Congratulations
Thank for completing this Structured Learning article
Sorry
Whoops - unfortunately you have answered one or more of the multiple choice questions incorrectly. To retake this CPD article please click below
Retake CPDRegistration validation
Thank you for regsitering your user account, an email has been sent with a link for you validate your account (please check your junk/spam).
Sign-in to your Financial Reporter account
It looks like you already have a Financial Reporter account. Click below to login.
Sign-in