Maximum mortgage age

[MM3]

Hi Folks

Is there a table somewhere with the maximum age for all the lenders?

An associated question - do lenders give mortgages in years and months or just years (rounded down?)

thanks

M

 

[RedOnion]

Is this any help?

Maximum age for mortgage - different banks

Currently applying for a mortgage and the maximum age banks lend to is a factor. What age do banks lend to for mortgages (age of older of joint applicants at end of mortgage term) AIB - 65 Bank of Ireland - 70 Ulster Bank - ? EBS - ? KBC - ? PTSB - ? ...

www.askaboutmoney.com

 

[Stitcher]

I enquired from Ulster bank recently and they would not go beyond my work-end date which was 67. Kbc seem to have a cut off of 68.

 

[Gordon Gekko]

My understanding is that Ulster Bank will go to 70 if the borrower is a member of a pension scheme.

 

[RedOnion]

My understanding is that Ulster Bank will go to 70 if the borrower is a member of a pension scheme.

Correct. Once you can demonstrate affordability.

 

[MM3]

Thanks for the replies - does anyone know what the max age for avant money is?

 

[RedOnion]

Thanks for the replies - does anyone know what the max age for avant money is?

70. But I haven't got the full criteria around that. You probably need to be allowed to work until that age, or have a good pension.

I'll post detail if I find it.

 

[NoRegretsCoyote]

Does any lender allow some kind of frontloading?

Like half the mortgage on a term that takes you to 65 and other half til 70.

 

[Stitcher]

Gordon Gekko said:
My understanding is that Ulster Bank will go to 70 if the borrower is a member of a pension scheme.

Red Onion said: Correct. Once you can demonstrate affordability.

Regarding UB, they refused me a mortgage last year up to age 68 even tho I had a pension at 67 and lump sum that would have easily cleared the last years mortgage cost.