Joint BTL mortgage with retired parent?

madchester

Hi folks, my Mum and I wish to invest in a house with a BTL mortgage she is retired and has a pension income of around £11000 , good credit rating and is 65 years old, I have 2 very small defaults on my credit file from around 4 years ago and a fair score but an income of £32000, we have a deposit of around 50k and the house would be £160000-£180000 so a mortgage of around £110000-130000 would be needed.
Are there any members here who could offer some advice on the above? Does it seem possible with these figures?
Thanks for any replies .

Thrugelmir

Is a BTL a suitable investment for your retire Mum would be the main question. As letting property is first an foremost a business. A long term one at that. Starting such a venture at 65 requires some serious thought.

amnblog

There are lenders that should consider this.

OFAB

madchester

Amnblog, thanks for your reply do you know which lenders would consider this or should we just approach the main ones and see where we get to?would you advise going to a broker to help?

shimano

Coventry / Clydesdale come to mind, think they have up to 75 years old BTL