Newcastle for Intermediaries has scrapped its maximum age limit for the repayment of standard capital-and-interest mortgages.

Until now, borrowers had to clear their mortgage by the age of 80. Under the new criteria, there is no upper age cap for standard repayment products.

The move comes as UK Finance figures show 38,510 new loans were advanced to older borrowers in Q1 2025 – a 33.5% rise on the same period last year. The total value of this lending reached £6.1bn, up 42.6% year-on-year.

Newcastle Building Society head of intermediary mortgages Franco di Pietro says: “We know that many borrowers are living and working longer, and need more flexible lending options to match their circumstances.

“Removing the maximum age limit on our standard repayment mortgages opens up opportunities for brokers to better serve these clients, and ensures our criteria keep pace with the realities of today’s mortgage market.”

The change applies to all standard repayment products available via intermediaries, direct and online channels. The maximum age of 80 for interest-only mortgages remains in place.