Getting a mortgage isn’t just about income and credit score — your age matters too. Whether you’re just starting out or nearing retirement, lenders will consider how long you can borrow for and whether repayments remain affordable.
Let’s break down what age limits apply, and how to navigate them at different life stages.
🎯 Is There a Maximum Age for a Mortgage?
Most lenders have:
- A maximum age at application (typically 65–70)
- A maximum age at end of mortgage term (usually 75–85)
That means someone aged 60 might only be offered a 10–15 year term — unless they can show ongoing income beyond retirement.
🧠 What If You’re a First-Time Buyer in Your 40s or 50s?
It’s not too late — but:
- Lenders may shorten the term, which increases monthly repayments
- You’ll need to prove income is sustainable
- If you’re approaching retirement, they may ask for pension statements or a retirement plan
That said, many people get their first mortgage later in life — and lenders are slowly adapting.
👴 What If You’re Retired?
You can still get a mortgage if:
- You have a reliable retirement income (pension, investments, rental income)
- The loan is affordable and doesn’t leave you financially stretched
- You meet the lender’s age limits
Many retired borrowers go for retirement interest-only or equity release, depending on needs.
📈 Age vs Term Length
A younger borrower can usually spread repayments over 25–35 years, keeping monthly costs low.
An older borrower might be restricted to 5–15 years, leading to higher repayments — unless they opt for interest-only or use a guarantor.
🔍 Can Age Impact How Much You Can Borrow?
Yes — because:
- A shorter term means higher monthly repayments, which can reduce affordability
- Retirement income is often lower than working income, limiting how much you can borrow
- Some lenders have a strict age cutoff, especially for longer-term deals
💬 Buying Later in Life? It’s Still Possible.
Whether you’re 25 or 65, there are mortgage options out there. We’ll help you understand how your age impacts what’s available — and guide you to lenders that can support your plans.
✅ Mortgages into retirement
✅ Shorter or flexible terms
✅ Expert help for older borrowers