Borrowing options for older landlords<\/h4>\n
While younger investors will have more mortgage<\/a> options available to them, later life mortgage products are expanding. At Paragon Bank, the maximum age limit is 85, meaning buyers aged 60-64 still have around 20 years to pay off any loans.<\/p>\n Borrowers have a higher chance of being accepted by lenders if they have a good credit history. Higher incomes are of course another bonus when taking out a mortgage. Lenders tend to see older borrowers as a riskier option, so buyers must be able to prove their ability to pay off their mortgage.<\/p>\n Other options include lifetime or equity release <\/a>mortgages. This is where you free up money in an existing property which you can then spend. You pay the mortgage off when you die or move into a care home with the sale of the property.<\/p>\n For many investors, the UK property market continues to be seen as a secure place to keep your money. Especially as savings rates remain low, the yields as well as capital growth you can achieve from bricks and mortar are very attractive.<\/p>\n Aside from any monthly and regional fluctuations, house prices in the UK have only gone up over the past 10 years. The rental market<\/a> in the UK is also strong, and people are now renting for longer before buying. High tenant numbers mean strong demand, resulting in good yields across the country but particularly in certain locations.<\/p>\n In terms of annual price change, London<\/a> has achieved the slowest value rise. Areas such as the north-west<\/a>, the north-east and the midlands have all seen more dramatic house price increases in recent years. As the government continues to focus on “levelling up<\/a>“, and more focus is placed on areas away from the capital, this trend is likely to continue. Northern and midlands cities are also more affordable, meaning investors can have a much lower starting point to achieve a successful property investment.<\/p>\n BuyAssociation has a range of property investment opportunities available across the UK. Browse<\/a> some of our current deals, or get in touch<\/a> for more information.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" A growing number of people who are approaching retirement age are using property investment as a nest egg. Why is UK housing seen as such a safe investment? There has been a major spike in the number of buy-to-let property purchases in the 60-64 age bracket, according to a recent report from Paragon Bank. Property… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,4],"tags":[125,17,352],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6036784"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6036784"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6036784\/revisions"}],"predecessor-version":[{"id":6095839,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6036784\/revisions\/6095839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6875"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6036784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6036784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6036784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Benefits of UK property investment<\/h4>\n