Halifax raise max lending age

Halifax has raised its age limit for mortgage borrowers by five years to 80 in a further sign of the financial pressure on homeowners as property prices continue to rise. The move by Britain’s biggest mortgage lender means that a 55-year-old customer could take out a 25-year loan and repay the loan before his or her 80th birthday. However, Halifax says that any borrowing beyond retirement age will require proof of retirement income. Workers are no longer compelled to retire at the age of 65 and the state pension age read more