NatWest Intermediary Solutions is withdrawing its lending into retirement for both new and existing customers following a review of their current policy.
From Monday 23 November, NatWest will no longer allow customers to take their residential mortgage past their intended retirement age.
They will allow customers who are already in receipt of pension income to take their mortgage to age 70.
The deadline for all applications to be received that have ‘an element’ of lending into retirement is Saturday 21 November.
A spokesperson said: “As a responsible lender, if the customer is past their intended retirement age we will not be able to lend at this time.
“We apply different limits to different customer groups based on their individual risk profile and will continually review this.”