Though I am only half way to 60 myself, I am, together with my siblings, working on a project to help my mother buy a house for herself (she is 60 in September). Just found out that the age cutoff for mortgages from big-4 banks for mortgages is 75, meaning that whilst they'd give mum a mortgage at 60, it cannot go beyond her age of 75, meaning a 15-year mortgage not a 30-year one. This effectively doubles the repayments which is difficult at her age. Whilst it's strategically smart for her to spend her last 5 or so 'workforce' years paying it down, the inflexibility of a big-4 loan is difficult to navigate. I'm told there are lenders who will do 30-year loans for 60-65yo applicants. Anyone know of any lenders or better yet, had personal experience?