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Wednesday, November 19, 2014

Aldermore sees surge in pension landlords

BTL lender Aldermore reports seeing a surge in BTL mortgage enquiries following last year's pension changes. The bank has a maximum age restriction of 75

A spokesperson for the bank said -

"With the attention to the pension changes coming in next year we are finding a lot of people who are thinking of taking out a buy-to-let for the first time at the age of 70 plus – without intending to go into this space it's opened up a niche area for us."

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