Over 40s 'frozen out' of home loans

Home buyers over the age of 40 are increasingly being "frozen out" of mortgages , the industry has warned.

New rules mean that lenders are now restricting loans to anyone who will still be paying off their mortgage by the time they retire.

And yet many people cannot afford to buy a home until they are 40 or even 50, according to some of the largest lenders

Simon Gompertz reports.