Lending into Retirement

Posted on 18 May 2012 by chris

Can my wife and I get a mortgage , we are 50 and 51yrs old , and have 20,000 deposit , but would like a repayment term as long as poss , 20 yrs ?? ...thank you


It should be possible for you to secure a mortgage over 20 years, although a few Lenders such as Barclays and NatWest will restrict the maximum term to end before you are 70, as the usual maximum age is 75.

You will find that Lenders want to know how you are going to afford the mortgage payments once you retire and it will not be sufficient just to show you can afford them now.  This may mean providing details of any personal or company pensions you are contributing to.

I believe we can help you and that you would benefit from speaking to one of our independent mortgage advisers.  Please call 0344 346 3672 and tell the consultant the date and title of your question, they will then be able to help you find the right mortgage for your situation.


Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

You are currently offline. Some pages or content may fail to load.