BM Solutions has changed its lending policies, raising the maximum age for buy-to-let (BTL) properties and raising the age of buy-to-let customers from 80 to 90.
The maximum age at the time of application will remain unchanged, with the oldest customer required to submit an application before their 75th birthday.
The maximum age at the time of application remains 40 years, with the new maximum age policy applicable to both individual and limited company mortgages.
Also, for product transfer applications, the existing deadline can be modified to the 99th birthday of the oldest applicant.
For further early applications, new borrowing terms can be selected until the oldest applicant’s 99th birthday.
BM Solutions said the change was designed to support new and existing landlords who want to continue managing their BTL properties and portfolios after retirement.
