Kensington extends its buy to let mortgage terms to 40 years.

The buy to let mortgage market is rapidly growing to meet rising demand from property investors. In particular one group of investors is adding to the buoyancy of this sector and this group is retirees.

As more retirees are looking to invest their pension pot in property as opposed to annuities, competition between lenders in the market is heating up.

To respond to the needs of investors looking to purchase rental property, Kensington Mortgages has announced changes to its BTL lending criteria.

One very important update is an extension to the mortgage term over which applicants can borrow. The maximum term has been increased from 30 year to 40 years in an effort to help more retirees invest pension cash into the BTL market.

Kensington is also planning to help older buys looking for a residential mortgage by raising its maximum age at the end of a mortgage to 75 years.

If you are looking to purchase a home or invest in property and your situation is more complex than high street lenders will consider, Deal Direct can help you find a specialist lender.

Our advisers are here to help you find a competitive deal to fund a property purchase whether it is for you to live in or to rent to tenants.

For the best impartial advice and a review of all mortgages on offer market-wide, call us at Deal Direct.

We are fully qualified mortgage advisers regulated by the FCA.

We can advise you on the best mortgage product to suit your needs, however we are not financial advisers and cannot offer advice as to the suitability of property as an investment.

Note: Not all buy to let mortgages are regulated by the FCA. 

For advice and a quote call 0800 048 8828.