Is age a limiting factor in becoming a landlord at 75?

Posted on 23 May 2013 by Peter

Is age a limiting factor in becoming a landlord at 75? I have a fully owned property worth £550/£600k,therefore free of mortgage. I have read that with buy to let mortgages now relatively cheap, I could raise say £400k on my property to buy another i.e. smaller house which would suit my wife and I better. Given my existing property is rentable, this seems a proposition, but feel age might be a stumbling block perhaps. Initial guidance on the whole idea would be appreciated.Thank you, Peter.


The short answer is that 'yes' age can be a limiting factor for many many lenders. However, not all lenders take a negagtive stance on the more mature lenders, and based on the initial infromation you've supplied here, I think this is something you may be able to do.

Under a 'Let to Buy', using your existing property, and subject to confirmation of the rental income its likely to generate, you can typically capital raise upto 75% of the value, which would be within the paranmeters you are looking at. Once released you can then use the funds to buy the new property.

Obviously we would need to know the fuller picture around your financial situation, but it does look feasible.

If you'd like to explore your alternatives further, then please let me know and I'll arrange to put you in touch with one of our consultants.



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