The repayment term of a mortgage loan varies depending on the type of mortgage. While the maximum term for paying a Fixed-Rate Mortgage is 30 years, the term for a Variable Rate Mortgage rises to 40 years (provided that certain conditions are met). In both cases, the minimum term for paying off the mortgage loan will be 10 years.
Bear in mind that the sum of the term and the age of the youngest account holder with income cannot exceed 70 years.