Cashback Remortgages · Eligibility
Mortgages for Older Borrowers
Lending to older borrowers is increasingly common, but lenders set maximum ages and assess how the mortgage will be paid in retirement. Options have widened.
Age and income
Lenders often set a maximum age at the end of the term and assess income that will continue, such as pensions. Retirement interest-only and later-life products exist for specific needs, each with their own criteria.
Using pension, investment or continuing employment income can support later-life lending.
Getting advice
Later-life and equity-release options are specialist areas with important long-term implications. Take advice tailored to your circumstances.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.