A friend of mine recently talked to his bank (Greater Building Society) about borrowing to buy a house and was told he was too old to borrow so instead he went and bought a brand new car. I fear he has really shot himself in the foot by buying a $50k car with cash. He's around 57, self employed and gets a pretty good income from his business and his expenses are pretty low given his kids are adults and it's just he and his wife. Looks like a pretty good person to lend to to me. He wouldn't be looking to spend over 500k and I imagine he would have had at least a 20% deposit. How old is too old? My Dad has just turned 60 and is looking to expand his portfolio in the next few years by developing, are there any strategies for 60+ looking to borrow? The amount of people I know that just talk to their bank and decide they can't do it astounds me. Good brokers are well worth talking to.