Banking
New lender MoCo to offer mortgages that can be paid up to age 80
The Austrian owned mortgage provider launched in Ireland last month with five-year fixed rates starting at 4.5 per cent
New mortgage lender MoCo will offer home loans that borrowers can pay off until the age of 80.
Most banks only offer mortgages that must be paid off by the age of 70, a few years after the normal retirement age.
However, MoCo’s credit policy states that it will allow mortgages to be paid back long after retirement. “Max term of up to 35 years. Max terms to applicant age of 80,” it says.
