Mortgage Age Limits
Mortgage Age Limits 2025.
Later in Life Mortgage.
As life expectancy increases and people work longer, more clients are asking whether they can still get a mortgage in their 60s, 70s, or even later. The answer is yes — it is possible — but there are key differences in how lenders assess affordability and risk as you get older.
At Drummonds Finance Group, we help clients of all ages secure residential and buy-to-let mortgages that suit their lifestyle, income, and future plans. Whether you're looking to move home, release equity, or invest in a rental property, our expert advisers can guide you through every step.
Mortgage Approved at 70 for an Oxford Downsize
David, a retired lecturer from North Oxford, needed a small residential mortgage to downsize and move closer to family. At 72, he was unsure whether lenders would consider him.
We reviewed his private and university pension income and matched him with a lender offering terms up to age 85. He secured a 15-year mortgage on a fixed rate, with manageable monthly payments and no need for guarantors.
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Understanding Age Limits on Mortgages
Most UK mortgage lenders have a maximum age limit at the end of the mortgage term, rather than when you apply. Typically, this ranges from age 70 to 75 for residential mortgages. However, some specialist lenders will go beyond this, especially if you have a reliable pension income or you’re still working.
For buy-to-let mortgages, age limits are often more flexible. That’s because affordability is based on the property's rental income, not your personal earnings. Some lenders even offer buy-to-let mortgages with no maximum age limit at all, as long as the investment stacks up.
That said, the older you are when you apply, the shorter your mortgage term may be. This can increase your monthly repayments, which affects how much you can borrow overall.
Mortgages for Over 60s
Getting a mortgage in your 60s is becoming more common, especially for people with substantial pension savings or income from employment, self-employment, or rental property.
Lenders will look at:
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Your current income
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Retirement plans and pension forecasts
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The term you want to borrow over
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Whether you plan to stay in the property long term
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Your credit history and overall affordability
Some lenders allow mortgage terms that end at age 85, particularly if you’re paying into a pension or still working in a stable role. You may need to provide pension statements, recent payslips, or evidence of ongoing income into retirement.
At Drummonds, we work with lenders who understand the needs of older borrowers. Whether you're downsizing, moving closer to family, or switching to a better deal, we’ll help you secure a mortgage that works for your stage of life.
Mortgages for Over 70s
While fewer lenders offer standard residential mortgages past age 70, it is still possible in the right circumstances. The key is to demonstrate that your income and expenses will remain stable throughout the loan term.
Options include:
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Mortgages with shorter terms (5 to 10 years)
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Interest-only products if you have a repayment plan in place
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Lifetime mortgages or equity release (depending on your needs and circumstances)
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Buy-to-let mortgages, especially if you already have landlord experience
Mortgage terms may be more limited due to your age, but that doesn't mean you're excluded. We’ll look at every aspect of your financial situation to find solutions that help you achieve your goals, whether that’s securing a primary residence or investing in property.
Buy-to-Let Mortgages and Age Limits
Buy-to-let mortgages work differently. Because they are based on rental income rather than employment or pension earnings, lenders are generally more relaxed about age.
Some lenders have no maximum age limit at all, while others will lend up to age 85 or beyond. However, they may still look at factors like:
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Your experience as a landlord
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The strength of the rental market in the area
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Property condition and tenant demand
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Your exit strategy (especially if applying later in life)
We regularly help older clients expand their rental portfolios or refinance existing properties for better rates or equity release. Whether you're a seasoned investor or just starting out, age doesn't have to hold you back in the buy-to-let market.
Things to Consider with Later Life Mortgages
As you approach retirement, lenders will naturally take a closer look at how you'll manage your mortgage payments. That’s why documentation and precise planning are essential. You may be asked to provide:
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Evidence of pension income or annuities
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Employment contracts if you’re still working
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Details of savings or other assets
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An explanation of your long-term intentions with the property
Remember, shorter mortgage terms mean higher monthly payments, which can reduce the amount you’re allowed to borrow. However, with the right lender and advice, it is still possible to secure an affordable mortgage well into later life.
Tailored Advice, Exceptional Service
The Drummonds Advantage
At Drummonds, we recognise that no two clients are the same. Whether you're in your 60s, 70s, or beyond, our goal is to understand your financial position, retirement plans, and lifestyle before recommending any mortgage solution. We take the time to get it right.
We work with over 100 UK lenders, including those who specialise in later-life lending. Whether you're applying for a residential mortgage, a buy-to-let investment, or exploring interest-only options, we’ll guide you through the process clearly and carefully. You’ll have a dedicated adviser supporting you from enquiry through to completion.
Our service doesn’t end once your mortgage is approved. We continue to offer support with future remortgages, equity release questions, or managing a growing portfolio.
You don’t need to navigate later-life mortgages alone. We’ll match you with lenders who understand your full financial picture, not just your age.
Ready to simplify your mortgage journey? Contact us today to experience the Drummonds advantage with expert, personalised advice every step of the way.
First-Time Buyers
We provide personalised guidance, ensuring you understand every aspect of the mortgage process and make informed decisions.
Moving Home Mortgage
Relocating can be complex, but with our comprehensive support, you can focus on finding your new home while we handle the financial details.
Remortgaging
looking to reduce your monthly payments, switch to a better interest rate, or release equity for other investments?
Buy To Let Mortgage
For landlords and property investors, navigating the buy-to-let mortgage market requires understanding ever-evolving regulations and financial products.
Right to Buy Mortgage
At Drummonds Finance Group, we help tenants across the UK secure affordable Right to Buy mortgages, making it easier to turn your rental into your own home
Shared Ownership Mortgages
At Drummonds Finance Group, we specialise in arranging Shared Ownership mortgages across the UK, helping first-time buyers, key workers, and families secure their dream homes with less upfront cost.
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Product Transfer Mortgage
At Drummonds Finance Group, we make product transfers easy — helping you secure a lower rate, avoid unnecessary fees, and complete the switch quickly.
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Commercial Mortgages
We offer financing solutions for a variety of commercial properties, on a referral basis to a specialised commercial broker, including: