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Retirement Advance enhances buy-to-let products for older landlords

Retirement Advantage has cut rates and increased loan-to-value (LTV) ratios across its older borrower buy-to-let range.

The products, launched last year, allow landlords over the age of 55 to release cash from their buy-to-let properties tax free.

The monthly interest rate on the over 55 Buy-to-Let Lifestyle product has been reduced from 6.26% to 5.99%, while the LTV for a 73-year old increases from 27% to 32%.


On Retirement Advantage’s other over 55 Buy-to-Let Voluntary Select product, the monthly interest rate has been cut from 6.45% to 6.18%, while the LTV for a 73-year-old also increases from 27% to 32%.

Its second home options range has also been enhanced. These are lifetime mortgage secured against a second property.

The monthly interest rate on the Second Home Lifestyle product has been reduced from 6.26% to 5.99%, while the LTV for a 73-year-old has been increased by the same margin.

Alice Watson, head of product and marketing at Retirement Advantage, commented: “The reaction to these products since we launched them last year has been overwhelming.

“At a time when the buy-to-let market faces challenging conditions, and many older people find it difficult to access mainstream mortgages, these products offer older landlords a new and safe way to generate income.”

“We have listened to advisers and to customers and we’re confident these enhancements will make this unique product range an even more attractive proposition,” she added.

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  • Bill Wood

    Suppose I take out mortgages on my let properties, give the money to my children, and live for a further 7 years.
    When I die, and the properties presumably sold, will there be, because of the mortgages, much less CGT and Inheritance tax?


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