A lender will apply a maximum age for the end of a mortgage term and there may be also a minimum term length for a Spanish mortgage
Your age will affect how long you can borrow. A lender will apply a maximum age for the end of a mortgage term. For example, if you are aged 50 when you take out a mortgage, then you will be limited to a term of 20 years if the bank has an upper age limit of 70 for when the mortgage completes. Some lenders will allow up to age 75.
There may also be a minimum term length for a Spanish mortgage. If the minimum term is ten years, the maximum age is 70-years-old, and you are 65, then you would not qualify for a product with such rules.
How old you are will also affect how much you can borrow. If your age means that you cannot borrow over a longer term, your repayments will be higher. The lender will apply its affordability criteria on such higher payments to ensure you can afford the monthly instalments.