Barclays increases BTL age cap

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Barclays increased its age cap for buy-to-let applications as it says it has noticed increased demand from people over 50.

The maximum age has increased from 75 to 80 today.

A broker note from the lender says: “We have recognised a growing appetite for people over 50 years of age to invest in property and landlords wanting to hold onto properties longer into retirement, therefore increasing the age cap will provide greater flexibility for our customers.”

A Barclays spokesman had no further comment.