Coventry ups max buy-to-let age to 85

Mortgage Introducer

September 15, 2016

old happy couple equity release retirement

Coventry Building Society has increased its maximum age limit for buy-to-let investors at the end of term from 75 to 85.

Kevin Purvey, director of intermediaries, said: “Today’s mortgage market has to adapt to the changing needs of borrowers.

“With more people working later in life, buy-to-let investors may want to keep their investment property to supplement their income, or to help save for the future.

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“We have therefore reviewed our lending policies to adapt to these changes, while of course remaining committed to lending responsibly.”