Couple banned from getting a mortgage because they're 'too old'

manchestereveningnews.co.uk:

A couple were refused a mortgage because they were 'too old' - despite one of them being below the retirement age. What they didn't realise was that many lenders have an age limit on who can get a mortgage, and it's sometimes lower than people realise.

A small number of lenders, mostly small regional building societies, have no age cap, according to mortgage broker software Criteria Brain.

However, most lenders have a limit ranging from 55 to 85 years old. This means older borrowers face restricted options, and many are unable to get mortgages due to their age. READ MORE: Universal Credit could be scrapped and all adults given £164 a week instead If that was not bad enough, many mortgage lenders also do not accept pension cash for paying off mortgages - further battering older borrowers.

One couple who struggled with this system are Gary and Elizabeth Das, 71 and 62. The pair had a dream of moving from London and buying a house by the sea in Cornwall.