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BTL Mortgages for retired over 60s
Nearlyold
Posts: 2,387 Forumite
Anyone know if BTL mortgages are likely to be available for a retired couple aged 65 & 67 where their joint income will be rent (30K pa) from existing mortgage free rental properties and pensions (20K pa). Would be looking at properties around £150K so would need a mortgage around 50K.
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Comments
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yes, with some lenders you an get a 35 year term if you wanted it (or 40 year, cant remember off the top of my head)0
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