Disclaimer: This blog is for guidance only and provides an estimate of potential costs. Actual expenses may vary depending on lender requirements, property type, and location. Always seek professional advice before making financial decisions.
A common question among older property investors is, “Can I still get a mortgage if I’m over 60, 70, or even 80?” The good news is that for buy-to-let mortgages, age is less of a barrier than it is for residential mortgages. Many lenders cater to elderly landlords, with some allowing mortgage terms that extend well beyond age 85 or even 100.
Investing in property can be an excellent way to generate income and build long-term wealth. However, when it comes to buy-to-let mortgages, the number of properties you own plays a critical role in determining which lenders will consider your application, what documents you’ll need, and how your mortgage is assessed.
For homeowners looking to expand into property investment, securing a buy-to-let mortgage as a first-time landlord can be a smart move. However, while owning a residential property can work in your favour, lenders still have strict criteria to ensure you meet affordability and investment requirements.
For many aspiring landlords, the idea of purchasing a buy-to-let (BTL) property as a first-time buyer is an appealing investment opportunity. But is it possible? While it can be done, first-time buyers face stricter lending criteria, affordability caps, and concerns from lenders about “backdoor residential” mortgages.
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Compare The Mortgage Limited is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference 966902
Principal: Ashley Morley
FCA Number: 966902
The information contained within this website is subject on the UK regulatory regime and is therefore targeted at consumers based in the UK.
There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed.
Your property may be repossessed if you do not keep up repayments on your mortgage
Some mortgage products are not regulated by the Financial Conduct Authority.
The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies.
Compare The Mortgage Limited is registered in England and Wales under reference 13544357.
Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £495
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
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