Anyone who lends money to others also wants to get it back – if possible with interest. Seen in this way, banks cannot be blamed for checking very carefully, especially with people over the age of 60, whether they can still grant them a mortgage on their house. Up until May 2018, institutions were even allowed to reject applications if the borrower was unlikely to be able to repay the mortgage within his statistical life expectancy. In the meantime, the legislature has relaxed the requirements of the residential real estate credit directive. Since then, banks have been allowed to consider when examining the loan application that the value of the property exceeds or could exceed the loan amount over time.
But many seniors come across with their house banks anyway