With people living and working longer, age need not be a barrier to getting a loan. We looks at all the options for ‘later life’ borrowing
Most of us would like to think that once we reach our 80s or 90s, our mortgage-paying days will be long gone. But life sometimes doesn’t work out like that, and there are those who still need a home loan in their 10th decade.
Audrey Lewis is one. She is 91 and would like to extend the interest-only mortgage on her central London flat. However, say her family, her current lender indicated it can’t – or won’t – agree.