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With the average mortgage in retirement worth around 30,000 and some older people determined to trade up, not down, the challenges for borrowers are intense. Here is the latest state of play.
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· Nationwide raises mortgage borrowing age limit to 85. The last age at which the society will grant a mortgage is 80 years old, to run for five years. But the higher age limits are only open to borrowers who can prove that the loan will be no more than 60% of the value of their home.