Retirement age change could prompt mortgage lending rethink | Money | guardian.co.uk
Scrapping the default retirement age (DRA) could have far reaching consequences for many people's financial planning, experts cautioned today.
The move could particularly affect those taking out mortgages and saving for retirement. Most lenders currently refuse to lend mortgages that extend beyond the age of 65, but this is likely to change following the scrapping of the DRA.
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