It can be more difficult to apply for a mortgage when you're in your 60s, because your income can drop when you retire. This means there are less mortgages available to you as you get older, but you might still need one if you want to:

Some lenders have higher age limits than others, so you could find a mortgage that may accept you even if there is less choice.

How to find a mortgage

This comparison includes every deal that may accept borrowers aged over 60. You can use it to check the maximum age you can be when you apply for each mortgage.

You could also use a broker to help you choose the right mortgage.

How long can the mortgage last?

This depends on:

  • The maximum age you can be when you apply

  • How old you can be when you pay off the mortgage

For example, if you are 60, you would be eligible for a mortgage with a maximum application age of 65. However, if it has to be paid off before you turn 75, you could only take it out for a term of fifteen years or less.

What mortgages can you get?

You can get most types of mortgage if you are an OAP. You need to decide which kind of interest rate you should get from the following:

  • Fixed rate

  • Variable rate

  • Tracker rate

  • Discount rate

  • Stepped rate

  • Capped rate

Over 60s mortgage FAQs


Why is it harder to get a mortgage now I am 60?


Lenders sometimes see you as riskier to lend to if you are retired or near retirement because your income could fall when you stop working.


How can I improve my chances?


By showing lenders your income is enough to afford the monthly payments. Your salary, investments and pension all count towards your total income.


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 60. 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. Regulators like the FCA and CMA do not impose age limits.

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.