Newcastle for Intermediaries has abolished the maximum age limit for the repayment of standard capital-and-interest mortgages.
The building society had previously required borrowers to have repaid their loan by the age of 80, but that upper limit has now been removed for all standard repayment products.
The change is designed to give brokers more flexibility when advising older clients who wish to continue borrowing into retirement or beyond.
It comes amid a sharp rise in Later Life Lending, as more people choose to remain in work or release equity in later years. According to figures from UK Finance, 38,510 new loans were advanced to older borrowers in the first quarter of 2025, a 33.5% increase on the same period in 2024. The total value of that lending rose by 42.6% to £6.1 billion.
Franco Di Pietro (pictured), head of intermediary mortgages at Newcastle Building Society, said the change reflects evolving borrower needs. “We know that many borrowers are living and working longer, and need more flexible lending options to match their circumstances.
“Removing the maximum age limit on our standard repayment mortgages opens up opportunities for brokers to better serve these clients, and ensures our criteria keep pace with the realities of today’s mortgage market.”
The revised criteria apply to all standard capital-and-interest products available via intermediaries, as well as direct and online channels. The age limit of 80 for interest-only products remains in place.
