The AGE-Old Mortgage Question

The AGE-Old Mortgage Question




By Shoaib Arshad 23rd Feb 2016

Your age should not be a factor in obtaining a mortgage. All that could occur is the lender may restrict the term and potentially how much they lend you.

The maximum age a lender will consider varies and can be anything from 65 to 75 years old. That said, you should be realistic as to the age you can work until, which may well be beyond 65 years, and base your mortgage term on that - or beyond if you are set to receive retirement income. 

Shop around and base your mortgage on your current situation - the maximum age will vary between lenders so pick something which suits you best. 

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