Family Building Society and Mortgage Solutions bring you a masterclass discussing how the mortgage market can cater to the needs of the changing later life borrower. The session will look at the evolving and growing demographic of later life borrowers, the benefits of different mortgage repayment structures, the need for flexibility when considering complex income and the increase in intergenerational lending. This will include:

• The Bank of Family: the instances of parents and grandparents lending to family members, as well as adult children gifting to parents, and how that relates to the later life market
• Consideration of a wide variety of different incomes: lending options for people already in retirement, or who are still in work but plan to retire over the term of the loan, those in need of different repayment options, and those with complex income streams
• Increasing education: how lenders and advisers can make borrowers aware of their different options available in later life
• Broad criteria: the ways in which flexible and wide criteria can suit different needs