Chinese banks try to revive housing market with mortgages for 95-year-olds

‘Relay loans’ that can pass on to children follow other moves to make borrowing more flexible

In an attempt to stimulate China’s flagging housing market, banks in some cities are extending the upper age limit on mortgages to between 80 and 95.

Although not a national policy, banks in Beijing, Hangzhou and other big cities have started offering “relay loans” to elderly customers, which pass on to their children in the event that they cannot repay.