BM Solutions has changed its lending policy to increase the maximum age at the end of term for its buy-to-let (BTL) and let to buy customers from 80 years old to 90 years old.

The maximum age at the point of application will remain the same where the eldest customer must submit the application before their 75th birthday.

The maximum term will remain at 40 years at application and new maximum age policy applies to Personal Named and Ltd Company mortgages.

Meanwhile, for product transfer applications the existing term can be amended up until the eldest applicant’s 99th birthday.

For further advance applications the new borrowing term can be selected up until the eldest applicant’s 99th birthday.

BM Solutions says the change aims to support new and existing landlords who wish to continue to manage their BTL properties and portfolios later into their retirement.