The lender will update its affordability calculations to reflect the change, which means the mortgage term can continue until the customer turns 80.
Halifax will up its maximum lending age from 75 to 80 on Monday.
The lender will update its affordability calculations to reflect the change, which means the mortgage term can run until the customer turns 80.
For joint applications the rule will apply to the oldest applicant.
Borrowers looking to extend their deals beyond the retirement age will need to require evidence of anticipated retirement income.
This is the second time Halifax has relaxed its criteria for older borrowers in two weeks, as the lender changed its policy so applicants can use earned income up to the age of 70 to calculate affordability on 25 April.
