The Times - If you want a buy-to-let loan, age is no longer a barrier
Tags: Press Commentary, The Times and The Sunday Times
Mortgage lenders are competing to attract “experienced” landlords, despite the recent tax and acceptance criteria changes.
The Mortgage Works, which is the buy-to-let arm of Nationwide Building Society, has removed its age limit for experienced landlords.
Aaron Strutt of Trinity Financial told The Times that some lenders have increased their buy-to-let rates, but there have also been some big price reductions compared with a year ago.
He explained Virgin Money is offering some particularly well-priced two-year and five-year fixes. You will need a 40 per cent deposit to qualify and they have £1,995 arrangement fees. They also have £750 cashback paid on completion.
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