Hi Andy. In general, there is no real age limit on borrowing. However, we must be able to demonstrate a clear exit strategy for your parents. Overseas income is also acceptable, but it also depends on their visa class and the currency. Not all lenders will accept overseas income and it is also assessed differently. There are a number of documents needed when using overseas income and it is best that you contact directly and we will be able to provide you a more detailed breakdown once we understand their position and requirements. Regards.
Tamara
Hi Andy, thanks for your question! While age is only a number, the banks will need to feel comfortable that after retirement, your parents have a plan with regards to the perhaps 30 year mortgage they have taken out. This could be a variety of options which your broker can discuss in detail. Also with respect to the overseas income, there are a few niche lenders that would consider an application of this description. Please feel free to contact me if you would like me to go into further detail. Kind Regards, Tamara Ives