The Times - If you want a buy-to-let loan, age is no longer a barrier
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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