MortgagesJan 26 2016

Barclays increases buy-to-let age limit

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Barclays increases buy-to-let age limit

Barclays has increased the maximum age for buy-to-let applications from 75 to 80.

The bank said demand from people over 50 has been increasing, with a note to brokers stating: “We have recognised a growing appetite for people over 50 years of age to invest in property and landlords wanting to hold onto properties longer into retirement, therefore increasing the age cap will provide greater flexibility for our customers.”

The change was effective from yesterday (25 January).

The lender introduced 75 as the maximum age limit for buy-to-let mortgage applications in 2012, having previously had no upper age limit for buy-to-let applicants.