Criteria Hub searches reveal increasing later life mortgage demand

Criteria Hub says this reinforces evidence of the growing number of cases where older borrowers are looking to seek funding either to raise capital or for new purchases.

Other top residential searches included whether a lender would potentially accept defaults and interest only with the repayment vehicle 'sale of the mortgaged property'.

In the buy-to-let section, the top three searches were minimum income requirements, expat buy-to-let and first-time buyers.

Jason Hegarty, director of Criteria Hub, said: “We are aiming to publish our data on a regular basis because it does illustrate the kind of cases that advisers are working on and the queries to which they need answers.

"Simple criteria like maximum age limits for residential mortgages and minimum income requirements for buy-to-let cases might not seem important, but the volume of enquiries about the same topic allow us to create a bigger picture of the areas where advisers are seeing the most demand.”