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Buy to Let Mortgages

Many people think that older applicants will struggle to get a standard buy to let mortgage but actually that is not the case. The vast majority of buy to let lenders allow customers to take a mortgage up to age 80 at the end of the term and up to 20 have no maximum age at all at which the mortgage must end.
Book an appointment today with one of our professional advisers. There’s noting to pay in advance and no obligation.
Some retired borrowers might have a lower household income than younger employed borrowers. Although some lenders will require you to have a minimum private income in addition to the rent that the property will produce, at least 21 lenders do not require customers to have any minimum income at all. Having a reduced income following retirement is therefore not necessarily an issue either.
In most cases however the amount that you can borrow is dictated by an interest coverage ratio set by the lender. The main elements of the ratio are based on the current or future interest rate on the finance, your tax rate and the rent that the property will produce. Most mainstream lenders also want you to have at least a 25% deposit although some niche lenders may allow you to borrow up to 80%.

Most lenders require you to own your own residential home too.

There can be some restrictions on older borrowers around eligibility for certain types of products such as houses of multiple occupation or holiday lets but in most respects, older borrowers are often able to access buy to let funding on the same basis as younger borrowers.
Book an appointment today with one of our professional advisers. There’s noting to pay in advance and no obligation.

Standard Mortgages

Equity release couple

Retirement Interest Only

Interest only retired couple

Term Interest Only

Equity release to buy boat

Equity Release

Buy to let mortgage flats

Buy to Let

Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority