Finance moving forward
Hi, A general question which I am sure has a simple answer but I would like to seek a range of views.
I currently have a few BTL’s on an interest only basis with mortgages currently running up to retirement age.
I do not intend selling the properties as I wish to pass them onto my children.
As I get older (!) obviously the term length I can re-mortgage reduces – are people moving onto commercial mortgages as they develop partnerships and/or limited companies?
I know very little about commercial finance so any help/advice alongside my own internet research would be very helpful.
Or, any other finance strategies worth mentioning?
Your help is always appreciated.
Mark
Editors Notes:
I have added helpful age related BTL articles below which are all linked –
Aldermore Later Life Lending β up to age 99
TMW remove age limit for max 65% LTV experienced landlords
Buy to Let Equity release from Retirement Advantage launched
Lending Into Retirement β Donβt assume age is a barrier
No age limit property finance on Keystone Ltd Co and Joint applications
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Member Since February 2011 - Comments: 3463 - Articles: 286
3:04 PM, 25th September 2018, About 8 years ago
Hi Mark,
I have added some helpful articles linked above in my Editors note π