Older Borrowers

Warning Text


Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.


You may have been told that your options are limited due to your age, however there are many ways to use the value of your home and current or future income sources to obtain a mortgage.

As an older borrower, this money can be accessed for many different reasons:

  1. To provide an additional income
  2. To provide gifts to relatives
  3. For home improvements
  4. To purchase a new home
  5. To fund property investment
  6. For personal use

You probably have other ideas or goals and there are very few restrictions on how you use the funds raised.

Lending criteria:

Some lenders will allow you to take out a mortgage if you have already retired or if the mortgage will not be fully repaid until after your planned retirement age.

Lenders can assess your future income sources to ensure you can keep up with repayments over the full term of the mortgage, even if you are not currently in receipt of this money.

Next steps:

To understand the features associated with the mortgage plan, we will provide a personalised illustration and Suitability Report that identifies the terms of your mortgage. We will also reassess your circumstances and financial health in the future as times change.