Trusted Mortgage Advice | Neil Soundy Financial Services – BUY TO LET MORTGAGES IN RETIREMENT

Clients purchase Buy to Let properties because the rent generates a regular monthly income source that can be increased over time and with the prospect of long term capital growth. This makes it an attractive investment to provide income in retirement.

When the original mortgage was arranged little thought may have been given to the term, on the basis that the property will have been sold or repaid in the future. Many clients are now coming closer to the end of their mortgage and wish to retain their properties as an ongoing source of income.

We have listed below the current maximum age which the lenders expect the mortgage to be repaid.

Lender               Age

HSBC                  65

Natwest             70

Nottingham         70

C&G                   75

Monmouthshire 75

BM Solutions     75

Virgin                 76

Leeds                80

Why remortgage now?

The Mortgage Works (the buy to let lending arm of the Nationwide) will lend up to age 90 for experienced landlords.

They are offering free valuation and free legal work on remortgages. (selected rates)

The option to raise funds for further purchases or to refurbish your existing buy to let..

The Mortgage Works do not have a minimum personal income requirement.

The Mortgage Works may amend their age criteria to match other lenders

Contact us today for a free no obligation initial discussion or meeting to see if this is the best buy to let mortgage for your circumstances

Why use Neil Soundy Financial Services for your mortgage advice.

We are different.

We offer at least twice the choice of mortgages compared to a standard broker.

View the video on our homepage that explains how mortgage advice has changed.

We will give you expert impartial advice on the mortgage market.

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-lets.

We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.

Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Request Call Back

We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.