Latest research from a Buy-to-Let mortgage broker has found there was a significant rise from older investors applying for BTL mortgages in 2018.

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The firm's data reveals that the older generation between the ages of 65 to 75, 'upped' their share of BTL investment with mortgage applications by 5.43% during last year; whereas there was only a 0.03% increase of BTL mortgage applications from the 25-43 age group.

The research also found that there was a 4% rise in the overall share of remortgages and BTL purchases by the over 55s, this now represents 39% of all buy-to-let mortgage (and remortgage) applications.

The over 55s now account for 29.7% of purchase only applications last year which was 8% higher than the previous year.

The steady increase in older BTL investors is more than likely because many lenders have been offering terms that are far more conducive to this age group, as they have increased the age limit for applicants and the end of the mortgage term.

Santander has just increased their maximum of their finishing for the mortgage term from 75 to 85 years; its maximum mortgage BTL term is now from 25 to 40 years.

Precise has increased its application age up to 80 years old with a maximum mortgage term of 35 years duration; The Mortgage Works is now offering a no maximum age at the end of the mortgage payments, only if applicants can provide proof of acquiring a worthwhile 'experience level' in the private rented sector.

Chief executive of the BTL mortgage broker, Andrew Turner, 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.