The mortgage market for older people is improving remarkably. At the insistence of the Financial
Conduct Authority (FCA), lenders have been encouraged to extend their maximum ages for standard
mortgages. Whereas age 65 some years ago remained a cut-off point, now it is quite common to
find mortgages available to age 70 and 75 and even 80 and 85 in some cases. After 70, however, it
is still likely to be only pension income, or other similar guaranteed income, that will be taken into
account when they look at affordability and how much they will lend.
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