quick mortgage question

[Hobo]

I’m looking at moving home and just have a query in relation to mortgage options;

1. If it is a joint application and there is a 5 year age gap between applicants, who’s age is used for the maximum term ?

2. I’m now 49. What age could I actually get a mortgage to ? I assumed 65/70 which even that is past when I want to retire, but can you get longer than that as will be selling it prior to that anyway so wouldn’t be a massive concern

Just interested to be honest as a longer period means obviously looking at more expensive properties and keeping monthly payments down to a level where affordability really

[Sarnie]

Hobo said:

I’m looking at moving home and just have a query in relation to mortgage options;

1. If it is a joint application and there is a 5 year age gap between applicants, who’s age is used for the maximum term ?

2. I’m now 49. What age could I actually get a mortgage to ? I assumed 65/70 which even that is past when I want to retire, but can you get longer than that as will be selling it prior to that anyway so wouldn’t be a massive concern

Just interested to be honest as a longer period means obviously looking at more expensive properties and keeping monthly payments down to a level where affordability really

Max term is derived from the oldest applicants age.

Most lenders will go to 70, some will do longer depending on your circumstances such as proposed retirement age and/or pension provisions.

[Hobo]

Thanks