Hi I have a small portfolio of 6 properties all held in a limited company, I work PAYE for a totally separate company, but as I turn 60 next year, thinking about retiring. All my BTL properties have mortgages ranging from 60-75% LTV, good net income after mortgages paid. So my plan was to continue to rent out and partly live of rental income for retirement. But I have just noticed when renewing a fixed rate that current lender does not mortgage past age 85 for mortgage term (hoping I have a long retirement, income would still be sufficient to meet lenders criteria). just wondered if anyone had come up against this, or if I need to start thinking about selling some, to pay off the mortgages on the others? Any experience or advice?
Speak to a good mortgage broker. There are several around who specialise in buy-to-let.
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A handful of lenders will lend upto 95 years old on a BTL
They must have a lot of faith in longevity
Thank you for your thoughts, was half hoping for some magic insight I had overlooked 
If you are 60 now and the mortgages are all existing then surely they will all be paid off long before you are 85
Or are they interest only?
Selling will incur lots of CGT payments
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If they are interest only, start using profit to pay off mortgages, every yr, so all paid before you are 85.