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Moulton Estates - Estate Agents in St Albans, Hatfield, London Colney, Colney Heath, Park Street, and surrounding areas.

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+44 (0) 1727 846361
Moulton Estates - Estate Agents in St Albans, Hatfield, London Colney, Colney Heath, Park Street, and surrounding areas.

Premium Estate Agents in St Albans

  • Home
  • Services
    • Selling
      • Sellers Guide
    • Buying
    • Mortgages
    • Lettings
    • Testimonials
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  • Properties Search
    • Compare Properties
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    • My Properties
  • Make An Offer
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+44 (0) 1727 846361
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TMW scraps age limit for experienced BTL landlords

By

Gregory Moulton

Posted in Buy to Let, Property Investment On April 24, 2018

The Mortgage Works (TMW) is removing all upper age restrictions across its buy-to-let product range for experienced landlords.

Currently, the buy-to-let arm of Nationwide Building Society’s maximum lending age is 70. But having decided that cases from older borrowers who have long invested in the BTL sector offer no more risk than younger ones, TMW will scrap the maximum age restriction for those older borrowers who qualify next week.

From Wednesday 18th April, there will be no maximum age at application nor at redemption for experienced landlords looking to borrow up to 65% loan-to-value (LTV) for either purchase and remortgage.

The same criteria will also apply to limited company mortgages, currently being offered by TMW.

TMW recently increased the maximum LTV for buy-to-let mortgages from 75% to 80% for first time and landlords. 

Paul Wootton, TMW’s director of specialist lending, said: “The group of experienced landlords is both growing and growing older, and market options are more limited for retirees seeking to retain their buy-to-let properties in order to supplement their pension.

“By removing the maximum age when applying for a buy to let mortgage, TMW is supporting the increasing market demand in this area.”

Article courtesy of Landlord Today | Sign up for Landlord Today newsletter | Get this news on YOUR site!

Thu, 12 Apr 2018 12:00:02 GMT

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Absolutely a breath of fresh air compared to other agents, thanks for all your hard work in selling my property so quickly Read more Read lessJamie JonesAugust 3, 2016
I would like to say a massive thank-you to Natalie and Greg for the help and support I received with the purchase of my new home. I would definitely recommend this Estate agents ! Read more Read lessJenny CarneyJuly 23, 2021
After some terrible experiences with 2 other agents (one who basically told me a 1 bedroom flat wasn't worth their while and another who failed to communicate effectively between me & my buyer and didn't listen to instructions) working with Moulton Estates was beyond all my expectations. Gregory and his team were supportive, organised and totally professional. They did everything when they said they would, were in regular contact with my solicitor and followed up with all parties at every stage. Such great service and just what I needed after a fraught year on the property market. I wish I had gone to them first! Read more Read lessRachel GlynnMarch 31, 2022
First class service, So happy with my new home Read more Read lessJamie HambletonAugust 3, 2016
I found the staff at the company very helpful and responsive to my questions and went out of their way to ensure the purchase went smoothly. Read more Read lessRichard WoodcockJune 8, 2021
I had been with Moulton Estates for the past 6 years. They are absolutely brilliant. I was a landlady and they helped me with everything. Getting Tenants, helping with anything that needed to be done. Everything that needed to be done was done straight away. I then Sold my Flat and sold it through Moulton Estates, again they were first class they were there every step of the way. If you want to rent out a property then please go to Moulton Estates they will always be there for you. Selling a property please don't hesitate to use them. Highly recommend them. Read more Read lessDawn ThomasOctober 24, 2019
Moulton Estates were extremely helpful during the sale of our apartment. Natalie was very proactive and enthusiastic and she supported us on each stage of the process. During the negotiation with the buyers or in case of any misunderstanding with the conveyancer, Natalie and Gregory provided us with all possible support. Overall, very professional, client-orientated and honest estate agency, which was an absolute pleasure to work with. I can’t recommend Moulton Estates highly enough! Read more Read lessYana LitvinovaNovember 26, 2018
I would like to thank Gregory, Natalie and all the team for their hard work to complete the sale of my property. I found the service offered exceptional, friendly and professional. I would recommend Moulton Estates for these reasons. Read more Read lessShaughnessy CarolineJuly 29, 2021
Buying a property is usually a lengthy and stressful process, the team at Moulton try to do everything they can to minimise this. Very good at staying in touch with you and keeping you updated regarding progress. Read more Read lessAdam BellamyJune 14, 2021
I can’t recommend this company highly enough. Moulton Estates are the most professional and helpful lettings agent i have ever dealt with. Gregory (owner) and Lenka could not have done more to help us in our process of moving home. Our new flat is spotless and exactly what we were looking for. Look no further than Moulton Estates. Would give 6 stars if i could! Read more Read lessMatthew RobertsJuly 25, 2020

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