Analysis: Paying a mortgage into your 80s? Forget about it! For now at least...

Brokers say Irish lenders will likely look to extend age criteria for mortgage products in light of legal battles and rising home ownership ages

Research from Royal London Ireland found that one in ten mortgage holders anticipate they will still need to be paying off their loans into their 70s. Picture: Kanjana Jorruang

Being beholden to mortgage payments until you’re 80 sounds like a terrible prospect.

The good news? Experts do not expect this will be the standard anytime soon. The not so good news? They do anticipate more people to be paying off debt into their early 70s.

Clearly this sentiment is catching on among lenders. MoCo, which is owned by Austrian bank Bawag and entered Ireland late last year, said on Monday it was preparing to ...