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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMortgage Terms Relaxed To Support Older Buyers
CITIC Bank Nanning will offer mortgages to buyers who’s age plus duration of the mortgage does not exceed 80 years, however the maximum age limit of 70 years will still apply, according to China Securities News. The paper said the new policy will allow for longer loan periods, and tap into the housing buying demand of people aged 40 to 59 with relatively strong repayment ability and adequate credit rating. However, buyers and banks should be cautious in extending mortgage durations, and carefully assess the ability of the buyer to repay later in life, the paper said.
To read the full story
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Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.