A closer look at lending options in the later life and BTL space
Business Development Managers Neil Cadwallader and Stuart Heavens join Anna Sagar, Deputy Editor at Mortgage Solutions, to discuss lending options in the later life and Buy to Let space.
Find out more about Later Life
Part 1: The market is ‘awakening’ to wider range of later life lending products
Stuart and Neil join Anna at Mortgage Solutions to talk about developments in the later life lending market. The mortgage market is awakening to the fact that there's a wider range of later life lending products, like standard Interest-Only and Repayment mortgages, which can be an alternative to equity release or RIOs.
PART 2 - Later life innovation sees the ‘transition’ of high street Interest-Only to later life lending
In part 2 of our podcast series, Stuart and Neil delve deeper into the growth of the later life market, discussing how standard mortgages can be used in later life lending, and how they can help with affordability. They also touch on how Joint Borrower Sole Proprietor mortgages can be used when support is needed for affordability - either to help younger family members or to assist older borrows themselves.
PART 3 - Buy to Let properties not leaving the market but 'changing hands'
In part 3 of our podcast series, Neil explains that Buy to Let properties are not leaving the market but are 'changing hands' to professional landlords. He mentions that older landlords are gifting equity to younger family members within limited companies, meaning the properties are 'just changing to more tax beneficial status but within the professional landlord community'.
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