The Mortgage Works eases its buy to let mortgage criteria.
Nationwide's buy to let arm The Mortgage Works has removed the upper age limit on its buy to let product range.
For experienced landlords the upper maturity age was 90 years old and for first-time landlords 75 years old, now there will be no age limit.
In addition the lender has also increased its maximum application age to 70 years. It advises this in recognition of the fact many more people now plan to use rental investment as a source of retirement income.
In February Nationwide announced the end of remortgaging for the purpose of a buy to let, however The The Mortgage Works is still prepared to accept remortgage applications on this basis but not from any Nationwide customer.
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