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Sussex couple on verge of losing their home as Santander mortgage expires

The couple face losing their home because their lender has refused to extend their mortgage Photo:

A couple from Eastbourne face losing their home because their lender has refused to extend their mortgage past its maximum age of 75.

Len and Val Fitzgerald are retired and have lived in their two bedroom victorian terrace since 2003, but their lender Santander says they will have to give up their house because their mortgage is interest-only and the extension would run past its maximum age of 75.

With an ageing population, it's an issue that could affect people across the country.

Len and Val Fitzgerald are in their 70s but face losing their home because their mortgage is set to expire

Their bank Santander has issued a statement explaining that they are working to find an answer to the Fitzgeralds' case.

"It's not in the interest of either the bank or the customers to lend in the circumstances where we believe lending will become unaffordable in the future. Efforts continue to find the solution in the Fitzgerald's case."

– Santander
The bank says they do not want to lend to those who will be unable to pay it back

The husband and wife's local MP, Stephen Lloyd, says the decision is "shocking and callous".

He also said their case has raised questions for hundreds of thousands of homeowners who are approaching the limit on their mortgage and could soon find themselves in a similar situation.

  • Watch John Ryall's report in full below...