Saffron Walden has announced that it is scrapping the upper age limit on its mortgages.
And the move has been welcomed by the market.
Islay Robinson, chief executive Officer at Enness Private Clients, said: “It is fantastic news that Saffron Walden is scrapping its upper age limits, instead judging applications on a case-by-case basis.
“This could mean that people have the potential to borrow up to the age of 100, addressing the fact that people are living longer and finance is required longer term.
“We have had clients who, despite having strong pension funds and extensive background assets, have been denied a mortgage simply because of their age so this is a big step forward in the approach towards lending into retirement.”