Coventry Building Society is set to increase its maximum age at end of term on buy-to-let lending by ten years, from 75 to 85.
The maximum age for applicants will be 75.
Coventry Building Society director of intermediaries Kevin Purvey says the 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,” he says.
