The UK currently has 11.6 million people over the age of 65 and Vigeon said he expects “more and more people will need a mortgage that lasts into retirement”.
Buckinghamshire Building Society has scrapped its maximum age limit on residential mortgages.
The mutual also offers terms of up to 35 years.
Tim Vigeon, head of lending at the Buckinghamshire Building Society, said: “The maximum age issue has recently become a hot topic but at the Buckinghamshire Building Society we have been committed to this market for some time.
“Helping our older customers obtain a mortgage is part of our strategy, and as we individually assess each case using affordability we can make sure we lend responsibly.”
The UK currently has 11.6 million people over the age of 65 and Vigeon said he expects “more and more people will need a mortgage that lasts into retirement”.
He added: “Also with factors such as divorce rates, student debt and people working longer, many young people are buying houses later and so will need to go for longer repayment terms.”
