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All you need to know about borrowing in later life
Posted: 18th Mar 2019

In 2014 legislation came in which restricted lending to borrowers who would be over the age of 65 before they repaid their mortgage. Since then, lenders have had to look even more closely at affordability, resulting in fewer options for borrowers in their fifties and/or borrowing in retirement - but all that is changing with the introduction of new initiatives for later life lending.

Typically available to both sole and joint applicants over the age of 50, later life mortgages include specific lending criteria that are more suited to older borrowers. This guide provides an overview of the types of later life mortgage available to applicants in their fifties and above, and describes the different types of later life borrower and the things you may need to consider before getting a mortgage.

From frequently asked questions to a glossary of key terms, our Guide to Borrowing in Later Life aims to inform those who are new to later life borrowing, and offer help and further information when making such a significant decision.

Enabling borrowing in later life

We help all types of people with all types of mortgages throughout England and Wales. We understand life doesn't always come neatly packaged. So we use real people to assess your unique situation. Download the guide book, or contact us on 0330 123 0773 to speak to one of our fully qualified advisors.

A guide by the Ipswich Building Society to borrowing in Later life


Your home may be repossessed if you do not keep up repayments on your mortgage.