Business depends on employee productivity. For the longest time, employers thought productivity meant working fast for the least money. However, quality initiatives and customer satisfaction now rule. Still, all work processes are not measured the same way, so it may be time to review the best ways to measure productivity.
Archives for July 7, 2016
Increased Maximum Age Limits for Mortgage Applicants: An Opportunity or Pitfall?
Loaning to people over 65 years old was traditionally considered risky and insolvent. Older borrowers were, therefore, awarded mortgages rarely. However, the previous decade has experienced a change in perspective for most mortgage providers. Lenders have recognized some reasons to increase borrowers’ maximum age limits. These are:
1. Increasing life expectancy – People are more likely to live past their retirement ages.
2. High house prices – This means that many people opt for a longer repayment period.
3. The age at which couples get children is on a constant rise – More people prefer to own a home later in life.
The above reasons coupled with little wage growth and increasing average age of first-time buyers have necessitated lenders to loosen borrowing requirements. Such lending policies lead to questions about the sector’s viability and profitability in the long run.