More over 55s are investing in buy-to-let as a means of boosting their income in retirement, according to a new study.

Figures from specialist buy-to-let mortgage broker, Commercial Trust reveal that increasing numbers of older investors are applying for loans.
According to the data, there was a small increase in applications (0.03%) in the 25 to 34 age bracket from 2017 to 2018.
However, Commercial Trust reported a 4% increase in the proportion of buy-to-let purchases and re-mortgages among the over-55s and there was a 5.43% increase in applications by people aged 65 to 75.
Last year also saw the over 55s make up 39% of the lender’s buy-to-let activity, compared to 35% in 2017.
Andrew Turner, chief executive at Commercial Trust, said: “Our look at the age demographics for 2018 buy-to-let mortgage activity suggests that increasing numbers of older people are recognising the potential of buy-to-let investments.
“Our data indicates that many people, reaching retirement, are choosing to invest in bricks and mortar and the rental market, as a means to fund their retirement years.
“Investing in property has the potential to deliver attractive rental yields and achieve capital growth, despite industry changes. I fully expect that the returns [will] fair better than many other forms of investment.”
The trend of older buy-to-let investors comes at a time when more lenders are extending the maximum ages at which people can apply for mortgages and finish paying them off.
Santander has increased the maximum age criteria for its mortgage end term from 75 to 85-years-old. It has also extended its buy-to-let mortgage term from 25 years to 40 years.
Other lenders, such as the Mortgage Works, offer buy-to-let products to experienced landlords with no age restrictions. And Precise would allow borrowers, who meet its criteria, to be paying off their loans at the age of 110.
Read more about this story on the Property Division website.