THE INFORMATION ON THIS WEBPAGE IS FOR THE USE OF PROFESSIONAL INTERMEDIARIES ONLY

Maximum Age

23/08/2017
  • At least one borrower must be no more than 80 at the end of the mortgage term for residential mortgages. In addition to the checks on income into retirement there is also a requirement for the mortgage to be affordable based only on the younger borrower’s income.
  • The maximum age for family buy to let mortgages is 80.
  • There is no maximum age for standard buy to let mortgages.
  • Where the term of a mortgage would go beyond an applicant’s intended retirement age, or state pensionable age, if earlier, independent documentation is required to demonstrate that the mortgage will remain affordable in retirement. Where the applicant has indicated that their intended retirement age is beyond state pensionable age, we will assess whether this is feasible, given the nature of the job being performed