Am I too old to get a mortgage? Over 60

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Am I too old to get a mortgage?

You may still want to borrow

• To become a property owner for the first time,
• To make that final move up to your ideal home,
• To improve the one you have, or
• To help turn your children's dreams of property ownership into reality

The possibilities at 60-plus

So what are your options if you want a mortgage when you're over 60?

Until a few years ago, probably not many, as few mortgage lenders were willing to offer loans that extended beyond the traditional retirement age of 65, let alone accept the over-60s as new clients.

That meant if you wanted to take your first step on the property ladder, or to trade up to a more expensive home, your chances of borrowing to fund it were slim.

And if you wanted to unlock value from your home, an equity release plan was the only realistic option.

But things are changing the mortgage market has become so competitive that many lenders will now consider borrowers they would previously have turned away.

So read on to discover which option is best suited to your situation.

Will it be a traditional home loan, an equity release plan or some other arrangement, such as a guarantor mortgage or a personal loan?

To find out if you are still young enough for an ordinary mortgage, read Mortgages for the over-60s

To read more on this subject please see the list below or your mortgage guide or your home buying guide

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below


Value of Property	£
		(eg 125000)

Borrow How Much?	£
		(eg 92500)

Your Mortgage Type

First time buyer?		Yes No
Have you found property?		Yes No
Country

Sorry ! The amount you want to borrow is less than £25,000. This is the minimum allowed for a mortgage. But don't worry! You could get the money via a personal loan. I want a free no obligation loan quote Click OK No thanks. I will change my borrow amount to more than £25,000 Click Cancel