In a world where 50 is the new 30 and people are living longer and longer, it‘s a shock to realise that if you are over 50 you will have to go through a lot more hoops to secure a mortgage to buy a home.
Even existing homeowners who want to take out a new mortgage to upgrade, move to a more expensive property or release cash for other purposes will find they have to overcome barriers if the term of the new loan extends beyond their retirement age.
Officially, of course, the lenders will not say this. It smacks of ageism, discrimination on account of age. But, of course, lenders are also required not to write loans for family homes where there is a chance they will not be repaid in full without the
