We're in our 60's, can we get a Buy To Let mortgage?

Posted on 29 April 2013 by Chris


My husband and I are 61 and 63, homeowners who are mortgage free with savings of £20.000 to invest in buy to let. Could we get a mortgage?

Chris,

Subject to knowing the rest of the figures, particularly the loan to value, rental income likely to be generated, and your personal financial situation, then we should be able to get you a buy to let mortgage.

Some lenders will offer a reduced term because of your age, however there are others out there that will be fine with 25 years or more.

It's worth having an initial discussion with one of our consultants, to explore yoru options in more detail, and if you'd like to do so, then please let me know and I'll for one of them to contact you.

Regards,

Simon

simon.collins@johncharcol.co.uk

More than mortgages, talk to me about:

Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance

General Insurance | Valuations | Conveyancing | Wills | Home finders

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.