Applicant Profile
Maximum age of 80 years old at the end of term, if the applicant is currently under 50 years old, and is more than 10 years away from retirement.
Where the applicant is aged 50 or over at application (or under age 50, but has less than 10 years to their retirement) the term cannot extend past their stated retirement age or 70th Birthday if using income for affordability assessment.
Retirement
The applicant must be at least 10 years from retirement and contributing to a pension scheme. The applicant must be under the age of 50 at application.
Other applicants, who may not meet the above, can be considered, but their income will not be used for affordability.
Mortgage Term
A maximum term of 45 years will be considered.
Where lending into retirement, the applicants cannot have reached their 80th Birthday at term end.
For more information on submitting a Lending into Retirement case, take a look at our Lending into Retirement Guide here.