Many people assume that securing a mortgage after the age of 65 is out of reach, but this is no longer the case.

Whether you are looking to move home, remortgage, or release funds, there are a growing number of options for older borrowers.

As a mortgage broker in Halifax, we regularly help customers aged 65 and above find the right solution.

What type of mortgage is suitable over 65 in Halifax?

There are various types of mortgages available to those over 65. Some lenders offer standard mortgages that run into retirement, provided you can show you can afford the repayments.

There are also specialist age 60+ mortgage products designed for borrowers in this age group, often offering more flexible criteria.

Lifetime mortgages in Halifax may also be an option if you want to release tax-free cash from your home without monthly repayments. These can be particularly useful if you are seeking to boost your retirement income or cover larger costs.

The best choice depends on your circumstances, and speaking with one of our mortgage advisors in Halifax can help you understand which products fit your needs.

How Income Affects Your Options

When applying for a mortgage over 65 in Halifax, lenders will look closely at your income. This might include your state pension, workplace or private pensions, rental income, or any other regular earnings.

The aim is to ensure you can comfortably afford the mortgage. Our team of mortgage advisors in Halifax can help you prepare the right documentation to present your income clearly and improve your chances of securing the right deal.

How Deposit Or Equity Plays A Role

Having a larger deposit or more equity in your home can give you access to a wider range of mortgage options. This reduces the risk to the lender and can lead to more favourable terms.

If you are remortgaging and have built up significant equity, this can open the door to specialist age 60+ mortgages or lower interest rates.

If you are buying a new property, a larger deposit can help balance affordability when your income is lower in retirement.

Can you apply jointly or on your own?

Both options are possible. Some people apply jointly with a spouse or partner to combine incomes, which can help with affordability checks. Others choose to apply individually.

It is important to understand that the age of both applicants will be taken into account if applying jointly, which can affect the mortgage term or the products available.

Your mortgage advisor in Halifax can explain how joint and individual applications work and help you choose the approach that fits your situation.

Can you get a mortgage with a poor credit history?

Having a poor credit history does not automatically mean you cannot get a mortgage after 65. Some lenders are more flexible and will consider applications on a case-by-case basis.

It can be helpful to work with a mortgage broker in Halifax who understands which lenders are open to helping customers with credit issues.

Improving your credit score, where possible, and providing clear evidence of affordability will strengthen your application.

Date Last Edited: June 9, 2025