TMW lift maximum age on BTL mortgages

BTL MORTGAGE BROKER CARDIFF PINThe Mortgage Works have changed criteria in respect of their maximum age limits. Previously a property investor could take a mortgage term up to age 90, however, this limit has been removed. At the same time, the lender has implemented a maximum age of 70 at time of application.

This change in criteria has a  number of benefits to property investors. Particularly in succession planning where perhaps an older applicant adds a younger person such as a son or daughter to the mortgage and is therefore looking for a longer term in order to suit the circumstances of the younger person.

To find out more information, contact one of the team at Harvey Bowes on 029 2067 6716

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

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About harveybowes
Mortgage Broker and founding Director of Harvey Bowes Limited. A mortgage broking practice with bases in Cardiff & Poole, UK. We take a fresh and positive approach to mortgage broking which pays dividends for both our clients and frankly, ourselves. The team at Harvey Bowes are expert advisors in all aspects of mortgages from residential to commercial and buy to let.

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