Buy to Let Mortgages for Over 75s
Buy to let Mortgages for Over 75s
Traditionally, obtaining a buy to let mortgage on your property after you enter your 70s is a difficult and time consuming process. Over 75 year olds tend to face a limited selection of buy to let mortgage deals, due to lenders implementing unfair upper age limits on their financial products. It is therefore not uncommon to have your buy to let mortgage application rejected if you are over the age of 70, or even 65!
So if you’re over the age of 75 and are looking for the right buy to let mortgage deal on your ideal property, you might be wondering what options are actually available to you.
Whilst it is true that getting a mortgage past the age of 75 has its difficulties, there are still a good number of lenders who are willing to offer older investors buy to let mortgage deals.
In more recent times, lenders have started to realise that people are now living longer, and that elder investors can still be a worthwhile, profitable investment for them. This means good news for investors over the age of 75, as now finding the ideal buy to let mortgage on your property has been made considerably easier.
How you can find your perfect buy to let mortgage deal
1. Shop around – Similar to any other financial product, it is important to shop around and compare all of the deals available to you. We understand that the process of finding and sifting through a number of different mortgage packages can often be overwhelming, here are some of the following factors you should consider when evaluating your options.
• Mortgage requirements and your eligibility
• Fixed rate or variable rate
• Additional fees
• Interest rate
2. Speak to a Mortgage Broker - Once you have found all of the options available to you as an over 75 year old, it is still often difficult to pick out which deal is best for your personal circumstances. That’s why we recommend contacting a mortgage broker who can analyse your situation, compare the best options and even offer you exclusive mortgage deals that are not available on the high street, to give you assistance in making the best decisions for your future and helping you achieve your buy to let mortgage goals.
If you would like the assistance of an independent mortgage advisor, you can contact us directly on 0117 313 7780 who can provide you with a free initial consultation, or alternatively, fill in our online contact form to request a call back from our buy to let mortgage advisory team.
In addition to offering advice and exclusive deals to over 75 year olds, we also offer:
Quick turnaround – You can speak to us today if you need to move quickly.
Friendly telephone service - from our expert mortgage advisors.
Whole of Market Service – We work with most UK lenders.
Access to leading buy to let mortgage rates