Could a lifetime buy to let mortgage be an option for you?

Lifetime, otherwise known as equity release, buy to let mortgages are gaining popularity as landlords seek alternative ways to finance their retirement.

This type of mortgage allows you to borrow against the value of your buy to let property. However, in place of making any monthly repayments, the interest accrues during the term of the mortgage and is paid off when the property is sold after death.

If you are seeking to take advantage of the wealth invested in your property for your retirement, this type of mortgage could be of interest. However, there are disadvantages, which could mean equity release would be of no substantial benefit to you.

Before you approach a lender yourselves, the advice would be to seek the professional assistance of one of our Deal Direct experts. We can help you to make the most advantageous buy to let mortgage choice, which makes the most of your profitability and secures your retirement.

For further information, contact us on 0800 048 8828. 

Please note Deal Direct are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact an independent financial adviser.

Buy to let mortgage applications from:

• applicants whose intention is to benefit from house price growth
• applicants whose intention is to benefit from rental income
• applicants who are letting to buy

will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

For buy to let mortgages call Deal Direct on 0800 048 8828.