What lenders allow you to take a repayment mortgage term into retirement....ie above 75

IAMIAM

Or is 75 the norm?

K_S

@iamiam Plenty of lenders will lend into retirement if you can evidence sufficient retirement income (eg: DB pension projections) to meet affordability.

Or are you referring to lenders that will consider an intended retirement age above 75 and allow a term up to the intended retirement age? That is a much shorter list.

IAMIAM

K_S said:

@iamiam Plenty of lenders will lend into retirement if you can evidence sufficient retirement income (eg: DB pension projections) to meet affordability.

Or are you referring to lenders that will consider an intended retirement age above 75 and allow a term up to the intended retirement age? That is a much shorter list.

Yes this...

Suitcasesparks

Most lenders will take the lower of the state retirement age and your declared retirement age, so will be interested in confirming you will have a retirement income as stated above. The level of scrutiny in terms of retirement income may depend on your age, if there is a long time until you hit the state pension age its possible they may just check you are paying into a pension  rather than doing a full affordability assessment on your income post retirement.

silvercar

Recently completed on a ‘2 borrower, 1 owner’ mortgage with Barclays where the age of the 2nd borrower will be 78 when the mortgage completes.