Mortgages to end by age 70 or later?

by , 3 months agoOpen Question

Answers (1)

Hi alanp26 and welcome to the forum.

This is an interesting question and the usual answer tended to be subject to sufficient income in retirement to support the loan. However, I am hearing from mortgage brokers that finding such mortgages is becoming harder as lenders are tending to turn away from 'later age' lending. One of the problems of course is the ability to evict via the courts when the age of the borrower becomes very much a 'social conscience' issue. But with increasing government pressure to abandon the default retirement age and eradicate 'ageism', the lenders are not responding as you would expect. I would imagine that every lender takes every case on its merits and perhaps a decent mortgage advisor may have experience here.

Very interesting page I found on this very issue!

http://citywire.co.uk/money/too-old-for-a-mortgage/a403797

by Snoopy48, 3 months ago

Posts within the money.co.uk community represent the views, experiences and opinions of members only. They should not be taken as financial advice and should not be followed without further research.

Get our free money saving newsletter
Join over 480,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...

More Questions for Mortgages

Open Questions
Closed Questions
Join Our Community

Get fast answers to your money questions, Expert insight, top tips & much more...