Mortgage term ending past retirement age?

[Beach1983]

Anyone managed to secure one recently?

ideally we want a term of 28 years but my husband is 41, that would mean mortgage ending 3 years after retirement age. Plan is to reduce term next time we remortgage in 5 years when I’m earning more when kids are older so it doesn’t actually run into retirement.

I’ve read that Santander will lend up to age 75 with no proof of pension to cover payments past retirement? Anyone had any success with this recently?

Haha!! You’re not wrong though about the lending - I completely agree. It’s bonkers.

When DM suggested it I laughed and said no chance. I had to hold my hands up and admit I was totally wrong. One of the lenders - one of the building societies I seem to recall - has no upper limit. None. You can get a mortgage that runs until you’re 99….. The majority of others will lend up to age 85.

The mortgage company approved my mum before they knew I was moving in too. They have never asked for my finances. They have approved it based on DM alone. The reality is that I’ll be paying it but that wasn’t known to them……. Honestly gobsmacked.

The reality is that I’ll be paying it but that wasn’t known to them……. Honestly gobsmacked.

On death, lenders are legally allowed to demand the full sum of the mortgage be repaid and can force the sale of a property to reclaim any outstanding balance, so fairly low risk.

Yes, I realise that - but it could be messy, long-winded and just a general pain in the arse. Banks normally avoid anything like that…plus I’d always been told that mortgages couldn’t have a term stone 70/75 max - hence my shock.