If you want to buy your first home, move house or get a better deal with a remortgage, there are lots of mortgage deals available if you are over 50.

If you have a good credit record, a large deposit or equity in your current home, you may be able to get some of the very best deals.

Every mortgage has a maximum age you can be when you:

  • First take it out, but this is usually around 65

  • Are due to finish paying it back, which can be as low as 70

You can take out most mortgages when you are in your fifties, but the term you can get may be limited. This is how long the mortgage can last until you finish paying back the full balance.

For example, if you are 55 and take out a mortgage that has to be repaid before you turn 70, you could only take it out over 15 years or less.

Where to find a mortgage

This comparison only shows mortgages you can apply for when you are over 50.

Use it to compare the interest rates and fees to find the best deal, but if you need help choosing a mortgage you could contact a broker.

You can also check how much you may be able to borrow using our mortgage calculator.

Choose a mortgage

There are several types of mortgage you can get when you are over 50. Here is how to decide which kind suits your finances.

You also have to choose between the following types of interest rate:

  • Fixed

  • Variable

  • Tracker

  • Discount

  • Stepped

  • Capped

Here is how to decide on the type of interest rate you should get.

Over 50s mortgage FAQs


Can I get a mortgage at 50?


Yes, most are available to borrowers in their fifties, including some of the best deals. However, you may need to take it out over a shorter term.


How can I improve my chances?


By showing lenders your income is enough to afford the monthly payments you could improve your chances of being accepted for a mortgage.


What is equity release?


It allows you to get a lump sum or monthly income in return for a share in the ownership of your house. Here is how equity release works.


Could I get a buy to let mortgage?


Yes, some lenders offer buy to let mortgages to borrowers over 50. You can compare buy to let mortgages here.


Who sets the age limit on mortgages?


Lenders choose the maximum age you can take out their mortgages.

About our mortgage comparison


Who do we include in this comparison?


We include mortgages from every lender in the UK. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.