In all, 19 banks and building societies are offering later life deals. (Image: GETTY)
In all, 19 banks and building societies are offering later life deals.
The news is a welcome boost for the elderly, who have spent years struggling to find lenders willing to provide them with mortgages.
Last week, Nationwide launched a new range of retirement mortgages to help older borrowers boost their retirement income and provide them with more flexible options to use the equity in their property.
This week, Santander increased the maximum age and term on its range of buy-to-let mortgages, to meet the demand from its older customers.
Santander has increased the maximum age at the end of the mortgage term from 75 to 85 and the maximum mortgage term on its buy-to-let range from 25 years to 40 years.
