Age doesn’t stop you from getting a mortgage. In fact, more people in their 50s, 60s and beyond are taking out mortgages than ever before, whether to move home, remortgage, or borrow into retirement.
Lenders are increasingly flexible, especially when you can show stable income or a clear repayment plan.

As a mortgage broker in Doncaster, we often speak to older customers who assume their age will be a barrier. In reality, it’s just one part of the picture. What matters most is how the mortgage will be repaid and how your finances stack up now and in the future.

Is there an age limit for getting a mortgage in Doncaster?

Yes, some lenders do apply age limits, but these vary depending on the product and their individual criteria. Some focus on how old you are when applying, while others look at your age at the end of the mortgage term. Most set an upper limit between 70 and 85, although a few lenders may go beyond this in specific cases.

If you are in your 50s or 60s, there are still plenty of options. Many lenders are open to standard residential mortgages for older applicants, provided you have a steady income and the repayments are affordable. This could be from employment, self-employment, pensions, or a combination of sources.

When assessing your application, lenders will look closely at how the mortgage will be repaid and whether your income is likely to continue across the full term. The focus is on long-term affordability and financial stability, not just your age.

Types of Mortgages Available for Older Borrowers

The right type of mortgage for you will depend on your age, income, property goals and whether you are still working or retired.

Lenders now offer a wider choice of products designed to suit different stages of life, including options for those borrowing into retirement.

Standard Residential Mortgages

If you are still earning, a standard repayment mortgage may be available well into your 50s or 60s. The lender will assess your income and how long it is expected to continue.

If the mortgage term runs into retirement, you may be asked to show how you plan to repay it after you stop working.

Retirement Interest-Only (RIO) Mortgages

These are aimed at older borrowers who want to keep monthly payments lower. You pay the interest each month, but the full loan is repaid when you sell the property, move into care, or pass away.

Retirement interest-only mortgages in Doncaster are often used by those with pension income who want to stay in their home long term.

Equity Release

Equity release in Doncaster allows you to access money from your home without moving. It is usually available from age 55 and comes in the form of a lifetime mortgage.

There are no monthly repayments unless you choose to make them. The loan, plus interest, is repaid from the sale of your property in the future.

Can I get a mortgage if I’m already retired in Doncaster?

Yes, it’s possible to get a mortgage during retirement in Doncaster, as long as you can show a reliable income. This might come from private pensions, state pension, investments, rental income, or a combination of sources.

Lenders will look at whether your income is enough to cover the monthly repayments and how long it is likely to continue. They may also ask for proof of pension statements or other documents showing your finances in retirement.

The range of mortgage options may be more limited compared to younger applicants, but there are lenders who specialise in products for retired borrowers. These often include shorter-term mortgages, interest-only options, or lifetime plans that are tailored to older homeowners.

How long can a mortgage term be If you’re over 50 in Doncaster?

Mortgage terms for older borrowers vary depending on your age, income, and the type of mortgage you choose. Some lenders are happy to offer full terms of 20 to 30 years, provided the repayments are affordable and your income is expected to last.

In other cases, the term might be shorter to make sure the mortgage ends before a certain age, often between 70 and 85. This could affect how much you’re able to borrow, as shorter terms lead to higher monthly payments.

If you’re over 50 and looking for flexibility, some lenders offer products with no fixed end date, such as a retirement interest-only or a lifetime mortgage in Doncaster. These can continue until you pass away or move into long-term care, depending on the plan.

Borrowing in Later Life Mortgage Advice

If you’re thinking of getting a mortgage over 50 in Doncaster, we’re here to help you explore what’s possible. As a mortgage broker, we work with a wide range of lenders who offer flexible options for older borrowers, whether you’re still working, retired, or somewhere in between.

Our mortgage advisors will take the time to understand your situation, explain the types of products available, and help you find a mortgage that suits your plans – now and in the future.

Date Last Edited: June 10, 2025