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06
MAY
2016

Halifax raises upper age limit to 80

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c7d1b51c68f6dc983a03f67098fac1e6Halifax is raising upper age limits from 75 to 80 on all mortgages, new applications, further advances and product transfers.

Halifax said that for joint applications, the term must end before the oldest borrower’s 80th birthday, and that proof of retirement income would be required for anyone in or at retirement age.

The change will apply from Monday 9 May on all applications to Halifax, Lloyds and Scottish Widows Bank.

Expect more lenders to follow.

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