Three mortgage lenders are offering repayments to those aged up to 80, driven by an increase in the number of divorcees seeking to buy a new home.
Nua Money is the latest challenger brand in the Irish market to offer a product that will enable people to take out 35-year mortgages later in life.
It is joining MoCo and ICS Mortgages, who went against the grain of Irish pillar banks and decided to push out the ages until when people can pay back their house loans.
Typically customers of the country’s pillar banks finish their mortgage repayments before they turn 70.
Margaret Barrett, managing director of mortgage brokerage Mortgage Navigators, told The Sunday Times she was seeing greater numbers of people wanting to buy houses
