We’re pleased to announce a series of Buy to Let criteria enhancements from UTB that provide greater flexibility for landlords and make it easier to place and progress cases.
These updates remove unnecessary barriers, broaden eligibility, and offer clearer guidance across key areas to support more confident decision making.
Key Criteria Changes
- Maximum Term – Maximum term increased to 30 years.
- Minimum Ownership Period – Minimum ownership period removed; no minimum required.
- Landlord Experience (HMOs & MUBs) – Experience requirement removed for HMOs and MUBs, up to 6 beds for HMOs and 4 units for MUBs.
- Exposure Limits – Exposure limits increased to 10 BTL loans / £3m per applicant.
- Income Evidence – Income evidence only required where necessary.
- Background Portfolio Information – Background portfolio details only required where relevant.
- Deposit Evidence / Gifted Deposits – Wording simplified with wider acceptance of deposit sources, including gifted deposits.
- Freeholder / Leasehold Requirements – Process barriers removed where long leasehold is adequate.
- Specialist Property Types – Clearer criteria now in place across HMOs, MUBs, holiday lets, expats and SPVs.
*Semi exclusives available via 3mc
At 3mc, we have a team of expert advisers who can discuss all your mortgage requirements. If you would like to discuss your options, give the 3mc team a call on 0161 962 7800.
All calls are recorded for training and monitoring purposes. 3mc for intermediaries only.
*Your home may be repossessed if you do not keep up repayments on your mortgage. 3mc (UK) Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register https://register.fca.org.uk/s/ under reference 302992. Please note: The FCA do not regulate Business Buy to Let Mortgages.
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