Mr Morrey said most lenders, including mainstream high-street banks, were prepared to accept a maximum working age of 75.
He added: "I don’t think we will be seeing lots of people paying their first mortgage into their retirements.
"This is because lenders cannot and will not allow earned income to be used beyond a certain age and as retirement income levels are nearly always much lower than pre-retirement levels, people cannot get large loans using earned income then fund them post retirement."
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