Yes, an older person can get a mortgage in Harrogate. Age alone isn’t something that will stop you from getting a mortgage, as long as you meet the lender’s affordability checks.

Whether you’re buying for the first time, moving house, or looking to remortgage later in life, there are plenty of options available for people in their 50s and beyond.

Over the years, we’ve helped many older customers secure a mortgage that suits their needs. Some are still working full-time, others are part-time or retired; either way, mortgage lenders are mainly interested in whether the monthly payments are affordable now and for the rest of the term.

What Is the Maximum Age for Getting a Mortgage?

There’s no universal maximum age, as each lender sets their own rules. Some might cap the mortgage term to finish before you turn 70 or 75, while others are more flexible, especially with strong income or equity in the property.

A growing number of mortgage lenders are now open to lending into retirement, and some even specialise in this area.

What matters most is your ability to repay. If you can show that you have steady income, whether from employment, pensions, or other sources, many lenders will still consider your application.

Understanding Mortgages for Over 50s in Harrogate

If you’re in your 50s, there’s usually a wide range of products available, especially if you’re still working or have a good pension in place. Many people in this age group are moving home, remortgaging, or supporting family with a purchase.

You can explore your options on our mortgages for over 50s Harrogate page, where we break down what lenders typically look for at this stage of life.

The main thing lenders care about is affordability. They’ll want to know that your income will comfortably cover your monthly payments now and throughout the term. That might include earnings from employment, self-employment, pensions, investments, or rental income.

Getting a Mortgage in Your 60s and Beyond

It’s also possible to get a mortgage in your 60s. If you’re approaching retirement or have already retired, lenders will look at things slightly differently. They may ask for more details on your future income plans or want evidence of your retirement income.

Many of our customers in this age group find success by applying through lenders that offer mortgages for over 60s in Harrogate, with terms and criteria designed around later life borrowing.

As long as the numbers add up and you’re borrowing sensibly, you can still move forward with your plans. There are also specific retirement mortgages in Harrogate that may suit your needs, particularly if you’re no longer working full-time.

Flexible Options for Older Homeowners

There’s no one-size-fits-all when it comes to later life lending. Some people opt for a shorter mortgage term to keep borrowing into retirement more manageable. Others might look into lifetime mortgages in Harrogate or equity-based solutions, particularly if they’ve built up significant value in their home.

Equity release may also come into the conversation for those looking to access money from their property without selling. If this route is of interest, we always recommend proper equity release advice in Harrogate so you understand how it works and whether it suits your long-term plans.

How Do Lenders Assess Income for Older Borrowers?

Each lender has their way of checking income, but they usually want to see:

  • Pension income (private, workplace, or state pension)
  • Employment income (if you’re still working)
  • Investment income or rental income
  • Savings or other assets

They’ll also consider your outgoings and whether the mortgage remains manageable throughout the full term.

Do I Have to Pay Off the Mortgage Before I Retire?

Not necessarily. Some lenders are happy for your mortgage to continue after you retire, as long as you can still cover the payments from your retirement income. You don’t always need to finish the mortgage by a certain age, though this may influence the deals available.

There are also mortgage options designed specifically for older homeowners. These can offer more flexibility on term lengths and repayment types, depending on your circumstances.

Speak to a Mortgage Broker in Harrogate

If you’re an older borrower looking at your mortgage options in Harrogate, it helps to speak with a mortgage advisor who understands this part of the market.

At Harrogatemoneyman, we’ve worked with many customers in their 50s, 60s, and beyond, helping them secure a mortgage that works around their plans and income.

It’s not just about ticking boxes. We take the time to understand where you’re at financially, what you’re looking to do, and which lenders are most likely to accept your application.

Whether you’re looking to remortgage, move to a new home, or explore your options after retirement, we’re here to help.

Date Last Edited: June 4, 2025