Potential middle aged borrowers are running into more challenges to getting a mortgage, according to the latest research from the UK housing market. These borrowers are seeing more and more lenders choose to deny applications due to recent regulations. They are also being denied simply because lenders are choosing to stay away from those who are seeking mortgages into their retirement years.

The latest round of regulations pervasive now to the lending community could be stifling competition and changing the landscape of borrowing altogether. On one hand, lenders must comply with lending regulations, but on the other hand, they must lend in order to remain competitive in quite a competitive environment.

In some instances, strict regulations set forth by the government have made it difficult for online lenders to complete the process and obtain funds for a property.

Middle aged lenders do have the advantage of years spent in the workplace, but they also carry the disadvantage of having to obtain a mortgage lending product which will last through retirement years.

The new lending regulations which were instituted last year have had an effect not only on those seeking an original mortgage, but those seeking a remortgage as well. Lending institutions have had to make major adjustments in valuating risk of borrowers due to the massive amount of trouble in housing which in part led to the financial crisis in 2007. These new laws known as the market review are helping not only lenders’ approval process, but those who are doing the borrowing as well.