Mortgage for Older Person

Patfig

We are a couple 56 and 54, can we still get a 25 year mortgage? If so does anyone know which lenders will still lend to us over this time period?

PF

se2020

Most mainstream lenders will go to at least 70.
Quite a few to 75.

If you wish to go older than that you will need to provide proof of adequate income from that age until the end of the mortgage ie. pension income or something.

There are other options available as well, depending on your situation. 

What's the house price, current incomes, amount of deposit etc?

ACG

Yes but...
There are a few things that need to be considered:
1) How will you pay for the mortgage? If you plan on working, thats ok  assuming not a manual job. But saying you will do that and being able to do it are very different things. My mum hits retirement age in Jan. She is doing a manual job and up until about 3-4 months ago she said it was fine, but she is now feeling it and its come on quite quickly. Shes gone from planning to carry on for another year or 2, to counting down the days. 
2) The rates will probably be higher, so you might be better doing a shorter term as there might not be a huge difference in the repayments. 
3) Going back to point 1, what happens if you cant work? There would be no option to extend the term, whats the back up plan? 

Im not looking for answers on those things btw, just things you need to consider. It is probably worth speaking to a broker though.