The Society does not have an upper age limit and offers mortgages to those who are approaching retirement and wish to extend their mortgage term into later life.
For residential mortgages, we require the applicant's intended retirement date to be a minimum of 10 years away, at the point of application.
Acceptable example: 59 year old applicant who wishes to take the term until the age of 80 with a planned retirement age of 70.
Unacceptable example: 59 year old applicant who wishes to take the term until the age of 80 with a planned retirement age of 68.
We offer lending into retirement across our full product range, but please note that the LTV is capped at 75%.
For Buy-to-Let and Self-Build mortgages, we have no age restriction at the end or inception of the mortgage, with each case being carefully assessed on its own merit.