The mortgage world is always evolving — and right now, there are some exciting changes creating real opportunities for both buyers and sellers. Thanks to our close working relationship with Connect Mortgage Services, we’re able to share the latest insights and explain why now could be the perfect time to put your property on the market.
No Maximum Age for Borrowers
One of the most common misconceptions we hear is that some clients are “too old” for a mortgage. In reality, that’s no longer the case.
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Many lenders will lend up to age 75
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Some extend to age 85
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And there are now options with no maximum age limit
This is a game-changer for older buyers who may have thought mortgage options weren’t available to them. Add to that the later-life lending products designed for those aged 55 and over, and the buyer pool is now wider than ever.
What this means for sellers: More people are able to buy than before, opening up demand for your property.
5% Gifted Landlord Deposit
A new scheme now allows tenants to buy directly from their landlords with just a 5% gifted deposit.
Here’s how it works:
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Property valued at £300,000
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Landlord sells for £285,000
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The £15,000 difference counts as the deposit
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The tenant purchases with no cash deposit required
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The landlord pays Capital Gains Tax on the £285,000 sale price
What this means for sellers: With many landlords looking to reduce their portfolios due to new regulations, this makes it easier than ever for tenants to buy — creating a ready-made market for sellers.
Rates Coming Down, Borrowing Power Going Up
There’s even more good news: mortgage rates are falling, and borrowing limits have jumped.
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Residential rates are starting lower than before
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Some lenders will now lend up to 29% more than previously
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Some clients are suddenly able to borrow £100,000+ more overnight
What this means for sellers: Buyers can now afford more, faster — meaning your property could attract stronger offers.
Why Now Is the Time to Act
If you’ve been thinking about selling, these changes make the current market especially attractive:
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More buyers (including older applicants) are eligible for mortgages
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Tenants have new, easier routes to purchase directly from landlords
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Buyers can borrow more, increasing competition for properties
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Falling rates make buying more affordable, spurring demand
If you’re considering selling, now is a fantastic time to take advantage of these conditions. Working closely with Connect Mortgage Services, we can help match you with motivated buyers who are ready to move. Find our branch contact details here.