Dale Jannels, managing director at All Types of Mortgages, said lending into later life was not a new thing and some lenders had been doing it for years.
He said: "But as the demographic on this age group increases, more lenders are realising the actual potential and size of this market - many of our lenders already have no maximum age limit and I can only see this increasing and rates dropping further as demand increases.
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"Brokers should not be hesitant about dealing in this arena and embrace it as many customers have no idea of the increasing number of options available to them."
By Rachel Addison and Joe McGrath
rachel.addison@ft.com
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