Common use of Age of Applicant Clause in Contracts

Age of Applicant. All applicants must be aged 18 or over. The current maximum age limit when the application is decisioned is 75 at the maturity of the Loan (or 70 for loans with an interest-only element). See paragraph 2 above in relation to lending past a borrower's retirement age.

Age of Applicant. All applicants must be aged 18 or over. The current maximum age limit when the application is decisioned is 75 at the maturity of the Loan (or 70 for loans with an interest-only element). . See paragraph 2 above in relation to lending past a borrower's retirement age.