We often speak to clients who are wondering if their age might limit their chances of getting a mortgage.

It’s a common concern, especially for those approaching retirement or applying later in life. Many people are unsure how age affects their eligibility or whether mortgage options are still available to them.

As a mortgage broker in Liverpool, we help people of all ages explore what’s possible. Whether you’re looking to buy a new home, remortgage, or borrow in later years, age doesn’t have to be a barrier.

In this article, we’ll explain how mortgage age limits work, what lenders consider, and how we can support you in finding the right deal for your circumstances.

Is there a maximum age for a mortgage?

There isn’t a fixed maximum age for getting a mortgage. Of the lenders who do, they will have their own age limits, factoring in how old you’ll be when the mortgage term ends, not just your age when applying. This depends on the lender, however.

Nowadays, there are many lenders who will look beyond this, especially if you’re applying for an age 50+ mortgage product like a retirement interest-only mortgage or a lifetime mortgage.

These are designed for older applicants and work differently to standard repayment mortgages, though standard mortgage options are still available for older borrowers.

The flexibility in modern lending means that even if you’re older, you may still be able to get a mortgage, especially if you can show how the repayments will be covered. Lenders will often look at pension income or other forms of retirement income when assessing affordability.

As a mortgage broker in Liverpool, we help clients find lenders that accept a wider age range and offer products suited to older borrowers. If age has been a barrier in the past, there may be more options than you think.

Can I get a mortgage in my 50s, 60s or 70s?

Yes, it’s possible to get a mortgage well into your 50s, 60s or 70s, though lenders will look closely at your income and the length of the term. If you’re looking for a mortgage over 50 in Liverpool, most standard mortgage products are still available, provided the term ends before typical retirement age.

Once you’re in your 60s or 70s, lenders may want to see how the repayments will be covered after retirement. This could include pension income, investment income or other assets. Traditional mortgage options may still be available at this age, however, they may be more limited depending on the lender.

Some lenders offer shorter terms, interest-only mortgages or age 50+ products that are designed with older borrowers in mind. These can provide more flexibility where retirement income is a factor.

As a mortgage broker in Liverpool, we work with a wide panel of lenders who consider a full range of ages.

Can I get a mortgage over 80 in Liverpool?

While options are more limited, it is still possible to get a mortgage over 80 in Liverpool. Most standard residential mortgage products won’t be available at this stage, but there are specific products designed for older borrowers.

Retirement Interest-Only Mortgages

Taking out a retirement interest-only mortgage in Liverpool is one option. This type of mortgage lets you pay interest each month without repaying the capital, with the full amount repaid when the property is sold, you move into long-term care, or pass away.

It’s aimed at homeowners who can show a steady retirement income and want to stay in their property.

Lifetime Mortgages

A lifetime mortgage in Liverpool is another route, particularly for those who want to release equity without taking on monthly repayments. This product allows you to access some of the value in your home while continuing to live there, with the loan repaid later on.

Drawdown Lifetime Mortgages

Some clients choose a drawdown version of a lifetime mortgage, where funds are released in stages rather than as a lump sum.

This gives you flexibility to access money when needed, and interest is only charged on what you use.

Speak to a Mortgage Broker in Liverpool

If you’re thinking about getting a mortgage later in life, it helps to know what options are available and how lenders approach age. Whether you’re in your 50s or over 80, there may be more flexibility than you realise, especially with products designed for older homeowners.

As a mortgage broker in Liverpool, we’ll guide you through the options, explain what each product means for you, and find a solution that fits your needs.

Get in touch with our team today and we will see how we can help.

Date Last Edited: June 6, 2025