Teachers Building Society has increased its maximum lending age to 83 on all standard mortgages.
This is an increase on the previous maximum age of 70 for standard mortgages and the Teacher Later Years mortgage.
Andy Yates, business development manager at Teachers Building Society, said the move was part of its continued effort to help people who work in education onto and along the property ladder.
He noted that more customers are looking to borrow later in life and the increase in the age limit for lending is a natural response to this.
Yates added: “We are committed to helping teachers and this latest update means that we are now able to support teachers more fully with a wider range of products right through their career from newly qualified teachers to those in retirement.”
