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The criteria provided below is accurate as at 25.05.24

Intermediary Status
Customer Type
Property Type
Age (end of Term)
Income
Rental at Pay Rate
  • Property Value

    Houses Minimum value £100,000 with maximum value £5M
    Flats Minimum value £125,000.

  • Advance (min)

    £50,000

  • Income

    There is no minimum income requirement. However, the primary applicant must be able to evidence income via a latest - payslip, SA302, signed accounts, pension statement. Alternatively an employment reference...

  • Maximum Age

    At least one applicant must be under 85 years old at the end of the term.

  • Type/Commercial

    Any applicant, either individually or in a Ltd. Company (SPV), owning other BTL properties. Ltd Co's that have been formed for holding residential Buy to Let properties as assets. Trading companies are not permitted DIRECTORS OR SHAREHOLDERS Up to a maximum of 4 individuals. The application must include all directors...

  • Historic CCJ's & Defaults

    ALLOWABLE ADVERSE CREDIT UTB Status 0 criteria: Active unsecured credit – All accounts currently up to date (mail order and communications ignored). CCJs and Defaults – None in the last 2 years with a maximum of 5 totalling £5,000 whether satisfied or not (less than £300, mail order and communications...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Total borrowing of up to £5M per individual with a 20 loans maximum.

    – The portfolio ICR must be at least 125% at a mortgage rate of 5%. UTB may request further assurance over the mortgage serviceability for portfolios that are highly geared.

    Portfolio Landlord Criteria

    – 20 loans maximum, £5,000,000 exposure with the Bank.

    Additional Document Requirements

    – Portfolio Schedule – All cases

    – Asset & Liability Statement – All cases (within the lender application form)

    – Business Plan – All cases (within lender application form)

    – Cashflow Statement – Not required

  • £500,000 up to 80% LTV Standard and Specialist
    £1,000,000 up to 75% LTV - Non standard also.

    Total borrowing of up to £5M per individual with a 20 loans maximum.

  • 5 years
  • 25 years
  • Minimum term 60 years left on the lease on completion.
  • Refer
  • Gifted deposits are considered from close/blood relatives: Parents, Child, Grandparents, Brother, Sister, Step Parent, Spouse. OVERSEAS DEPOSITS These can be considered by referral (FATF and EEA only) . CONCESSIONARY PURCHASE Considered if purchasing from a close relative (as above).
  • Gifted deposits considered from close/blood relatives: Parents, Child, Grandparents, Brother, Sister, Step Parent, Spouse. OVERSEAS DEPOSITS These can be considered by referral (FATF and EEA only) . CONCESSIONARY PURCHASE Considered if purchasing from a close relative (as above).
  • Property must have been owned for at least 3 months and must be registered in the borrower's name at Land Registry
  • Consumer BTL: - Do not allow Consumer BTL. If the client is already a landlord with other rental property this is acceptable. Considered if the subject property is the client’s only BTL If regulated, please refer.
  • Yes, required.
  • Yes.

    Purchases allowed off-plan, subject to re-inspection before completion.
    Max 5% new build incentives, including builders deposit.
    Evidence of an appropriate new build warranty, or certificate.
  • Yes, accepted.
  • Confirmed by the valuer or current rent if lower.

    Only exception is holiday lets where the rental income will be based on proven annual income or confirmed by a reputable letting agency averaging low/medium/high season for the year.

    See below for rental calculations: –

    For 2 year fixed rates the initial pay rate +2 or 5.5%

    For 5 year fixed rates the initial pay rate.

    125% Basic Income Tax Rate

    140% Higher Income Tax Rate 140%

    130% Combined Basic and Higher Income Tax Rate

    125% Ltd Companies

     

     

  • No
  • No, but do credit check
  • Mortgages/Secured Loans – No missed payments in the last 12 months & nil outstanding.
  • Valuation fees paid directly to the lender at the lenders valuation fee scale.
  • 21 years for all applicants
  • Will lend in England, Scotland (mainland) and Wales.
  • 4
  • Access to United Trust Bank is via mortgage packagers currently, one of which is 3mc.
  • Soft
  • Property Value

    Single Unit, MUB/HMO £125,000
    Specialist Range £70,000

  • Advance (min)

    Single Unit, MUB/HMO £100,000
    Specialist Range £25,001 and Ex Pat

  • Income

    None for UK applicants - £35k GBP equivalent for foreign nationals and expats

  • Maximum Age

    85 years

  • Type/Commercial

    Flats including studios below 30sqm New build flats Ex local authority flats with deck access up to 12 floors High Rise MUB, HMO (Northern Ireland is 6 bed) Holiday Lets, Airbnb Semi Commercial Units BTL investor-led developments Properties located above or adjacent to commercial except petrol stations and hazardous industrial...

  • Historic CCJ's & Defaults

    Max x 2, must be satisfied and under £500 with an expalantion

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_expat, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_semi_commercial, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements (Example)

    – No maximum LTV for the overall portfolio
    – Portfolio stressed at 100% @ 5%

    Portfolio Landlord Criteria (Example)

    – Up to 20 mortgages with Quantum Mortgages to an aggregate borrowing of £5m
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements (Example)

    – Portfolio Schedule – Yes in the clients own format

  • Single Unit, MUB/HMO £1,500,000

    Specialist Range £1,000,000 unless:

    Max loan for single unit range increased from £1.5M to £2M at 65% LTV (in southern postcodes only).
    Max loan for multi-unit range increased from £1.5M to £2M at 65% LTV (in southern postcodes only).
    Max loan for multi-unit range increased from £1M to £1.5M at 75% LTV (in Southern postcodes only).
    Max Loan for Ex Pat range increased from £500k to £750k & £1M (in Southern postcodes only).

  • 5 years
  • 40 years
  • 35 years remaining at the end of the term
  • Yes – AST must be in the tenant’s name
  • Yes, any family member.
  • Yes, any family member.
  • Can consider less than 6 months ownership.

    12 months ownership of x 1 BTL – Specialist range 2 BTL’s for 2 years.

    Also: -

    - Single Unit / MUB & HMO upto 6 units, Expat & Foreign Nationals - 1 BTL for 12 months (0 for lower LTV's)
    - Specialist Range - 2 BTL’s for a min of 24 months ownership
    - DO NOT have to be owner occupier.
  • Yes, required unless Ex Pat or Foreign national.
  • Yes, both flats and houses.
  • Standard Range:
    - The expiry of any pre-emption period
    - Maximum of 5 floors
    - At least 50% of the block is owner occupied
    - A minimum value of £200,000
    - No deck access
    - Valuer to confirm the property is suitable security and, in an area, where demand for this type of property is not falling

    Specialist Range:
    Deck Access Flats
    Ex local Authority houses and flats where the area owner occupation is less than 50%
    Ex local Authority flats valued below £200,000 (subject to minimum £100,000)
    Ex local Authority flats over 5 floors up to a maximum of 12 floors.
  • Basic Rate Tax Payer 125%,

    Higher Rate 145%

    Limited Company 125%

    £ for £ remortgage none

  • No
  • No, just credit check with Experian
  • Paid direct to lender at the lenders fee scales, found on both the lender website and product guide.
  • 21 years
  • England, Scotland, Wales and Northern Ireland (Considered).

    Any country with a Basel AML risk score below 6 where the applicant is based
  • 4 individuals or limited company directors
  • Access to Quantum Mortgages is direct to lender with 3mc as your mortgage packager as well as direct as a mortgage club.
  • Property Value

    '- Standard property £50,000.
    - HMO /MUFB £150,000 in LSE, £100,000 outside LSE.
    - Ex-local Authority £150,000 in LSE, £75,000 outside LSE.
    - Properties above or adjacent to commercial £100,000.
    - Freehold property conversions £150,000 in LSE, £100,000 outside LSE.
    - Other restrictions may apply.

  • Advance (min)

    £25,001

  • Income

    £15,000 (£25,000 for first time landlords).

  • Maximum Age

    95 years at end of term, 89 years at application.

  • Type/Commercial

    Able to accept BTLs, HMOs and MUFBs in both personal and Ltd Co applications. These also include (but not limited too) ex-local, above/adjacent to commercial and new builds.

  • Historic CCJ's & Defaults

    If within the last 3 years, we are able to accept status 1 and 2, as well as any CCJs and defaults under £250. No CCJs or defaults (either satisfied or unsatisfied) greater than £250 within the last three years. No credit file to be, at any point within the...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted
    (Landlords are considered Portfolio Landlords if they have 4 or more mortgaged properties.)

    Background Portfolio Requirements
    – 75% max LTV for the overall portfolio.
    – Currently stressed at 125@5%.
    – Currently no limit on the size of the background portfolio, either in terms of number of properties or loan amounts.

    Additional Document Requirements
    – Portfolio Schedule to be submitted on the BTL Hub.
    – Portfolio Landlord Questionnaire.

  • Up to £2,000,000 however restrictions do apply for certain property types

  • 5 years
  • 30 years
  • 75 years
  • Yes
  • Accepted – immediate family only
  • We do not accept gifted equity, but we are able to consider gifted deposit where there is no money changing hands.
  • Within 6 months, provided land registry has been updated.
  • Yes
  • Yes
  • Yes
  • Standard products rental calculations, including standard HMO and MUBs, are based on 125% for standard rate tax payers and 145% for higher rate tax payers.

    All limited company rental calculations, including for HMO and MUB products, are based on 125%.

    Please refer to Fleet Mortgages Product Guide for more details on payrate calculations

  • No
  • Soft footprint on DIP hard at full app Equifax
  • Free valuation fees offered on standard BTL properties valued under £500,000. For properties over £500,000 or for HMO/MUFB, please see the Fleet Mortgages Product Guide for further information as this is subject to change. (Jan 2023)
  • 21 years (25 years for first time landlords).
  • England and Wales only.
  • 4
  • You can gain access to Fleet Mortgages via 3mc as your packager.
  • Property Value

    £135,000

  • Advance (min)

    £100,000

  • Income

    No minimum income required.

  • Maximum Age

    85 years

  • Type/Commercial

    Standard BTL, BTL Flats, Flats above commercial subject to valuers comments, Small HMO up to 6 rooms, Small MUFB up to 6 units

  • Historic CCJ's & Defaults

    CCJs None in last 36 months Defaults None in last 36 months Secured arrears None in last 12 months Maximum 2 in last 36 months Unsecured arrears Maximum 2 in last 36 months Bankruptcy/Debt Relief Order None (6-year history) IVA/Debt Management Plan None (6-year history) Repossession None (6-year history)

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85
  • Property Value:100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Minimum ICR or 125%
    – Minimum overall LTV of 75%

    Portfolio Landlord Criteria

    – Up to an aggregate borrowing of £2m with Birmingham Bank
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements Portfolio Schedule – All cases
    – Business Plan – On some cases
    – Asset & Liability Statement – On some cases
    – Cashflow Statement – On some cases
    * Lender will accept client versions for all documents

  • £2,000,000

    Max 75% up to £2m (portfolio of properties,)
    Max 75% up to £1m for single property (standard or HMO/MUFB)
    Max 70% >£1m- £2m for single property (standard or HMO/MUFB)

  • 5 years
  • 25 years
  • 85 years at the start of the mortgage term
  • No
  • Acceptable unless the property is being purchased from the family member from which the gift originates. The gift must not be repayable and the person providing the gift cannot have a financial or legal interest in the security.
  • Acceptable unless the property is being purchased from the family member from which the gift originates. The gift must not be repayable and the person providing the gift cannot have a financial or legal interest in the security.
  • Remortgages are not acceptable where the security property has been owned, or the existing mortgage has been in place, for less than 6 months.

    The exception to this rule is where the application is to exit a Bridging facility.

    In these circumstances, the existing Bridging loan must have been in place for at least one month and any increase in capital value from the original purchase price must be validated by evidence that improvement works have been completed.

    If no improvements have been undertaken lending should be based on the original purchase price.
  • No
  • Yes, required.
  • Ex LA- Houses are acceptable.
    Ex LA-Flats currently not acceptable
  • Standard BTL single and multiple properties

    Basic Rate Tax payer & Limited Co = 125%
    Higher Rate Taxpayer = 145%
    HMO/MUFB single, multiple and mixed properties

    Basic Rate Tax payer/Ltd Co – 130%

    Higher Rate Taxpayer – 160%

  • No
  • Max 2 in last 36 months
  • Confirmed upon DIP acceptance
  • 21 years
  • England and Wales only.
  • 4
  • Via certain packagers, of which 3mc are one.
  • Soft search
  • Property Value

    £133,333 - minimum loan amount is £100,000 - so property has to be over this amount.

  • Advance (min)

    £100,000

  • Income

    No minimum income

  • Maximum Age

    No maximum

  • Type/Commercial

    Residential BTL and Semi Commercial (Specialist) The value of the residential element can be up to 50% of the total valuation and should have its own separate access • Large and small portfolios • Holiday lets • HMOs • Development exits • Sitting tenants • New build flats Purpose Built...

  • Historic CCJ's & Defaults

    Assessed on a case by case basis

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_ltd_expat, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_semi_commercial, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements (Example)

    – No maximum LTV for the overall portfolio

    Portfolio Landlord Criteria (Example)
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Asset & Liability Statement – All cases
    – Cashflow Statement – All cases
    * Lender will accept client versions for all documents
    NB – Portfolio assessment will be valid for 12 months to reduce requirements on subsequent applications providing there are no material changes

  • £15,000,000

  • 2 years
  • 30 years
  • 50 years at the end of the mortgage
  • Yes
  • Accepted
  • Accepted
  • None
  • Not considered
  • Not required
  • Yes, considered
  • Yes, flats and houses
  • Limited company: BTL 125% HMO over 6 bedrooms – 140%

    Personal name: BTL 140% HMO over 6 bedrooms – 155%

    5 year fixed – stressed at pay rate

    2 year fixed – stressed at pay rate + 2%

    5:2 – stressed at payrate

  • No
  • Yes – however only accounts for a small part of the overall decision
  • Assessed on a case by case basis
  • Paid direct to lender at the lender valuation fee scales
  • 21 years
  • England and Wales
  • 10 maximum
  • 3mc can give you access to Hampshire Trust Bank as your packager or mortgage club.
  • Hard credit search
  • Property Value

    Standard property £75,000
    Ex-Local Authority property £100,000
    Studio flat £100,000

    80% LTV available against ‘standard’ freehold and leasehold properties. Any construction type highlighted by our valuer as non-standard will be restricted to a maximum 75% LTV.
    Non-standard property construction max LTV of 75%
    Above/adjacent to commercial property max LTV of 75%
    MUFB/HMO maximum LTV of 80%

    Larger MUFB's - 75% Max LTV
    The minimum property value of £150,000 for properties located within the M25, £100,000 elsewhere
    At least one applicant must be able to evidence they currently own, and have owned for at least 2 years, a minimum of one BTL property
    Maximum of 10 units in the block
    All units must have separate services

    Larger HMO's - 75% Max LTV
    All types of HMO will be acceptable including licenced, C4 planning use, Sui Generis planning use, as well as properties requiring considerable alternation to sell as a family home
    At least one applicant must be able to evidence they currently own, and have owned for at least 2 years, a minimum of one BTL property
    Maximum of 10 bedrooms
    No limit on the number of lettable rooms
    Minimum property value of £150k for properties located within the M25, £100k elsewhere

    Short term lets considered

    Flat above/adjacent to Commercial £250,000 within M25 (£150,000 All other regions)
    Shared House (single unit rental) £75,000
    Shared House (room-by-room rental) £250,000 within M25 (£150,000 All other regions)
    House of Multiple Occupancy £250,000 (£150,000 All other regions)
    Multi-unit Freehold Block £150,000

  • Advance (min)

    £25,001

  • Income

    £20,000 combined income per application.

  • Maximum Age

    85, mortgage term must end before the oldest applicants’ 86th birthday

  • Type/Commercial

    Standard Freehold property max 6 bedrooms Standard Leasehold house/flat/maisonette Ex-local authority house Ex-local authority flat/maisonette Studio flats more then 30sqm Flat above/adjacent to Commercial subject to valuers comments CHL - Light refurb range: - three products: Light Refurbishment, Cosmetic Improvement and EPC Improvement. The first two products are designed to...

  • Historic CCJ's & Defaults

    Unsecured Arrears: 0 in 6 months, Status 1 in 12 mths (Max. 1 instance), Status 2 in 24 months Secured arrears: 0 in 6 months, Status 1 in 24 months (Max. 1 instance) Defaults: Unsatisfied max. £250 in 36 months. Satisfied max. £500 in 36 months CCJ’s: Unsatisfied max. £250...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – No maximum LTV for the overall portfolio or properties
    – Minimum landlord experience of 12 months.

    Portfolio Landlord Criteria

    – Maximum portfolio lending held with CHL group £2.5m for the first 12 months then £5m.
    – No limit on the size of existing portfolio with other lenders

    -Background Portfolio should stress at a minimum of 125% on the higher of current mortgage payments or 5%

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Asset & Liability Statement – All cases
    – Cashflow Statement – All cases
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • £2,000,000 up to 70% LTV
    £1,000,000 up to 75% LTV
    £500,000 up to 80% LTV
    Aggregate exposure limits of £1m to £5m up to 75% LTV

  • 30 years
  • Minimum unexpired lease of 75 years at application
  • Housing Association/ Local Authority – By referral
  • Parent/grandparent/grandchildren/siblings/children/spouses/civil partners/uncles and aunts – including step/half/in-laws
  • Parent/grandparent/grandchildren/siblings/children/spouses/civil partners/uncles and aunts – including step/half/in-laws Inter-company loan deposits from connected parties accepted
  • 6 months providing there is reasonable uplift in the property which can be explained by development works.
  • All applicants must have permanent rights to remain in the UK
  • Yes - Max LTV 75% Houses and 70% Flats/maisonettes


    CHL - Light refurb range: - three products: Light Refurbishment, Cosmetic Improvement and EPC Improvement. The first two products are designed to increase the future asset/rental value of the property, with the latter a Green Mortgage option which is specifically designed to improve the energy efficiency of the property.

    Lending will be calculated on the pre-works value with a retention held based upon the post-works estimated valuation.
    75% Max LTV: -

    - Cosmetic Improvement – designed for improvement works to improve the cosmetic appearance of a property, such as painting & decorating, replacement flooring, replacement fixtures and fittings
    - EPC Improvement – designed for non-structural and modernisation works which can be signed off under the Competent Person Scheme without the need for building control sign off, with a requirement the collective works must improve the EPC rating of the property to a C or above
    - Light Refurbishment – designed for non-structural and modernisation works which can be signed off under the Competent Person Scheme without the need for building control sign off
  • Minimum value £100,000.

    EX- Local Authority House max LTV 75% EX-Local Authority Flat/Maisonette LTV 70%
  • Basic rate tax payer and Ltd Co from 125%

    Higher rate tax payer from 145%.

    All 5 year fixes at pay rate

  • Considered so long as evident not a Consumer Buy to Let and suitable due diligence undertaken
  • 3 years voter roll history CHL will not accept any unsecured credit that has been more than a status 2 in the last 24 months and will only accept one instance of status 1 in the last 12 months, but this cannot have been in the last six months.
  • Payable to the lender at the lender's fee scales - see CHL website/product guide
  • Primary applicant 21 Secondary applicant 18
  • Mainland England, Isle of Wight and Wales only
  • 4
  • Capital Homeloans are available via selected packagers, of which 3mc are one.
  • Property Value

    £65,000 Standard Properties
    HMO £75,000 in certain postcodes BB, BD, CA, CW, DH, DL, FY (Excluding FY1-FY4), HD, HX, L, LA, M, NE, OL, PR, SK, TS, WA, WF, WN, YO
    £120,000 for postcodes not listed above

  • Advance (min)

    £30,000

    Large Loan range: -
    Min. loan size £1,500,000 million

  • Income

    At least one applicant much be employed, or self-employed. NB - Rental income can be included in combination or isolation. No min income for landlords >24 months experience FTL or...

  • Maximum Age

    95 at the end of the mortgage term for Ltd Co’s where one other director is under 85 at end of mortgage term

  • Type/Commercial

    Above Commercial - considered up to 75% LTV Residential BTL properties in a condition to be let. No commercial properties. First Time Buyer & First Time Landlord accepted with minimum employed income of £85,000 Property value must exceed £75,000 Must be suitable for letting at completion Must be in an...

  • Historic CCJ's & Defaults

    No defaults OR CCJ's registered in the last 24 months, if over 24 months then assessed on a case by case basis

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_ltd_expat, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – No maximum LTV for the overall portfolio
    – A minimum rental stress of 125% at 5%

    Portfolio Landlord Criteria

    – No maximum number of properties with Landbay to an aggregate borrowing of up to £5mill
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Asset & Liability Statement – All cases
    – Cashflow Statement – Not required
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • £500,000 up to 80% LTV
    £1,500,000 up to 75% LTV - HMO/MUFB
    £1,500,000 up to 75% LTV on Standard properties

    £750,000 max loan on new build properties

    Large Loan range: -
    Min. loan size £1,500,000 million

    Max. loan size £2,000,000 million

  • 5 years
  • 30 years
  • 60 years at completion of mortgage with 55 years remaining at end of term
  • Yes
  • Refer - case by case
  • Refer - case by case
  • No minimum
  • Yes
  • Maximum Loan to value 75%. Maximum advance on a new build is £750,000
  • Houses (Yes) Flats (Case by case basis). The majority of the block/immediate surrounding area should be privately owned.
  • ICR RULES FOR 1 AND 2 YEAR FIXED RATE AND TRACKER RATE PRODUCTS STRESSED AT THE GREATER OF: 5.5% OR PAY RATE + 2%

    ICR RULES FOR 5 YEAR FIXED RATE PRODUCTS STRESSED AT PAY RATE

    Higher Rate taxpayers and FTL for HMO & MUFB are loaded – please ensure that the rental check is done against the current product guide.

    Where the application meets more than one of the above stress rates, the higher stress rate will apply. The underlying affordability of the background portfolio for an application will be considered against a minimum underlying ICR rate of 125% @ 5.00%.

    Like 4 Like Debt consolidation

    2yr Fixed Rate only

    Stressed at 125% or 140% at the greater of 5.5% or product rate +1%

  • Can be considered if two of three criteria is met from the below: -

    1. Existing landlord away from subject property
    2. Subject property being let for >24 months
    3. Onward residential purchase
  • No - currently the credit insight data is reviewed as oppose to score
  • £199 admin fee payable with valuation fee. Please see product guide for further details on valuation fees.
  • 21 years
  • Will lend in England and Wales
  • 4
  • Access to Landbay is available via selected packagers only, of which 3mc are one
  • Property Value

    £75,000 (£150,000 - London) Standard - £150,000 (£250,000 - Greater London) HMOs & Multi Units £150,000 elsewhere.

  • Advance (min)

    £50,000 (including HMO)

  • Income

    £30,000 across all applicants

  • Maximum Age

    85 at the end of the mortgage term

  • Type/Commercial

    Houses New builds (with full certificates in place) - Flats up to 70% LTV Flats Maisonettes Apartments including new builds HMOs (up to 15 rooms) and Multi Unit Freehold - HMO product can be considered for first time landlords, and offer rental yield based valuations on small HMOs in Article...

  • Historic CCJ's & Defaults

    Adverse credit - Available to all applicants/properties: -Unsecured arrears - max status 2 (can have multiple status 1&2) & communications disregarded. -CCJ’s - disregarded over 3 years ago Adverse credit - (Tier 2) - Available for standard properties, HMO's & MUFBs -Unsecured arrears - not counted -CCJ's - None in...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – No maximum LTV for the overall portfolio
    – A minimum rental stress of 125% at 5.5%

    – Between 125% and 100% if under 65% LTV, then If the total portfolio LTV < 65%, the case can proceed without the need for any additional affordability checks. Additional checks required if higher.

    Portfolio Landlord Criteria

    – Maximum of 20 loans to £5 million total BTL borrowing with Lendinvest
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – Not required
    – Asset & Liability Statement – Not required
    – Cashflow Statement – Not required
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • Single units : -

    £500,000 up to 80% LTV Standard properties and Small HMO

    £750,000 up to 75% LTV

    HMO - Small HMO's - £1,000,000 - Large HMO's £1,500,000 up to 75% LTV - First time landlords considered.

    HMOs up to 15 units - For Large HMO’s/MUFB cases, a minimum of 12 months experience managing a similar size property. No first time HMO operators.
    Multi-Unit Freehold Block (MUFB) up to 10 units (max 75% LTV)

    MUFB up to 10 units - 75% LTV

    £3 million - 75% LTV

    Small HMOs, and up to £3 million for Large HMOs and MUFBs.

    Up to £5mill with a maximum of 20 properties aggregated.

  • 5 years
  • 30 years
  • 65 years at the end of term
  • Yes, can consider
  • Accepted
  • Accepted
  • No minimum although valid explanation required if remortgaging prior to 6 months
  • Must have 3 year UK residential history and permanent right to reside (tier 1 Product pricing)
  • Accepted - flats up to 70% LTV
    New builds are defined as a property that has never been occupied or has been constructed or converted within the last 12 months.
  • Accepted
  • Single Unit Properties: –
    Basic rate taxpayers (20%) 125%

    Limited company or LLP 125%

    Higher rate taxpayer (40%) 140%

    Additional rate taxpayer (45%) 140%

    Refinance (no capital raised) 125%

    HMO / Multi units
    Basic rate taxpayers (20%) 130%

    Limited company or LLP 130%

    Higher rate taxpayer (40%) 145%

    Additional rate taxpayer (45%) 145%

    Refinance (no capital raised) 135%

    @ 5.5% or 4.19% if using 5 year fixed product

  • No
  • No credit scoring, credit check only
  • Please see product guide for further details on valuation fees.
  • 21 years
  • 2 indivdual, 4 Company Directors
  • Access to LendInvest is available via selected packagers only, of which 3mc are one
  • Property Value

    £62,500 (for products assumes max 80% LTV).
    £120,000 for HMO/MUB (see Loan size)
    £150,000 for properties above commercial premises

  • Advance (min)

    £75,000 minimum loan for latest product range

  • Income

    No minimum income

  • Maximum Age

    80 at application; 95 at the end of the mortgage term

  • Type/Commercial

    Single Residential units -(First time landlords considered) HMO's (up to 6 beds) Student lets and Multi units on 1 title (up to 6 on 1 title). Flats above commercial and ex local authority properties. Studio flats: - Minimum sizes as follows: - 40 sqm if outside of London. 30 sqm...

  • Historic CCJ's & Defaults

    CCJs – maximum 1 (max £250) in 36 months, 0 in 12 months. Must be satisfied at time of application. Secured arrears – 0 in 12 months, 1 in 24 months Unsecured arrears – 0 in 6 months, 1 in 24 months Defaults – 0 in 24 months Pay day...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_expat, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – No maximum LTV for the overall portfolio

    – A minimum rental stress of 125% at 5.5%

    Portfolio Landlord Criteria

    – Up to an aggregate borrowing of £5m
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Submission form only – All portfolio landlord cases

    *
    NB – Portfolio assessment will be valid for 6 months to reduce requirements on subsequent applications

    Eligibility window for portfolios – Multi App product – 6 months for Portfolio landlords and 3 months for Non-Portfolio

    Details of all properties held by applicants should be included in the Portfolio Schedule, including
    unencumbered properties.

  • £3,000,000 up to 70% for a single unit/MUB BTL (Ind / Ltd co)
    £2,000,000 up to 70% LTV for HMO
    £1,500,000 up to 75% LTV for ALL property types
    £2,000,000 up to 70% if New Build Flat / Above Commercial
    Aggregate lending limit to apply to any type of property

  • 5 years
  • 35 years (subject to there being a minimum unexpired leasehold term remaining at the end of the mortgage of 50 years).
  • 50 at the end of the mortgage term
  • Yes
  • Gifted deposits are allowed from family members i.e. parents, grandparents, spouse, gifts from wider family members and non - family members will be considered on a case by case basis by the underwriter. All gifted deposits will be subject to a gift letter from deposit provider including an explanation for the gift. Identification and evidence of funds will be required in these instances. Gift letter required from deposit provider. ID will be required and evidence of funds. ********* Cash in the Bank/Available · Savings – provided from applicants own resources · Limited Company/LLP – Reserves, working capital · Other – case by case basis Cash Not Yet in the Bank/Available · Sale of property or Pending sale – evidenced for example by a letter from solicitor · Sale of Shares/investment – evidenced for example by a contract note · Inheritance – evidenced for example letter from solicitor · Equity from another Property - evidenced for example by a Mortgage offer.
  • Considered, up to 75% LTV. Must NOT be a consumer BTL.
  • Minimum time previously owned by vendor - 6 months, unless bought cash or on a bridge, then can consider under 6 months (for clients who have owned BTL's for at least 24 months.
  • Yes
  • Houses and flats up to 75% - if 75% required then max loan is £600,000.
    Up to 70% then max loan £1.5mill.
    *****
    Vendor/ Builder Gifted deposit
    New Build – First time occupation, up to 5%, greater than 5% considered on a case by case basis.

    Builder Let Retention – will allow a developer to apply for a BTL loan on a number of properties they have developed. This can range from a small number of properties unsold or as a core part of their development strategy. For a builder let retention the applicant may be a first time landlord where we are asked to fund on a standard BTL basis even if they have not owned a property in the last 12 months. Any applications can be considered on a case by case basis
  • Yes, up to 75% on houses and flats

    Ex-Local Authority Flats (England and Wales)

    Will consider lending on Ex-Local Authority properties in England and Wales, subject to:

    • Minimum valuation of £50,000 outside of London and the South East
    • Minimum valuation of £120,000 in London and the South East
    • Maximum 75% LTV
    • Traditional construction only (as opposed to core criteria where non-traditional properties are allowed)
    • Maximum 5 floors in block, except in London and the South East, where the maximum allowed is 10

    Ex-Local Authority Flats (Scotland)

    Will consider lending on Ex-Local Authority properties in Scotland, subject to the following criteria:
    • Minimum valuation of £50,000
    • Maximum 75% LTV
    • Traditional Construction only (as opposed to Core Criteria where non-traditional properties are allowed)
    • Maximum 5 floors in block
  • Individuals: BRT – 125% / HRTP 140%
    Ltd Co/LLP: 125% ICR
    HMO/MUFH: 140%
    New Build Flat / Above Commercial: 125% BRTP / HRTP 140%

    5 year fixed products @ pay rate
    All other products; nominal rate (5.5%) or the initial rate +2%, whichever is higher.
    *****
    Background Portfolio required rental calculation is 125% @ 5.5%. No current maximum LTV – It is calculated on a case by case basis.

  • Yes, consider Let-To-Move/ Let-to-Buy Applications on a case by case basis subject to TML being satisfied it is not a Consumer BTL application - MUST NOT BE A FIRST TIME LANDLORD.
  • No - except for Lumi RL0/ Top range. But do have a minimum credit score which is very low.
  • Valuation fees paid direct to lender and a processing fee of £95 at application to 3mc
  • 21 years
  • England, Scotland and Wales - Isle of Wight also considered
  • 4 applicants. In the event that the application is from a limited company, details of up to four directors/shareholders as applicants will be captured
  • Access to TML is available via selected packagers only
  • Property Value

    £75,000 single unit, unless Flat above commercial, MUFB or HMO - £100,000

  • Advance (min)

    £50,000

  • Income

    No minimum income requirement with two exceptions: At least one applicant to be earning £50,000 if using earned income to make up a rental shortfall; £25,000 gross income required if...

  • Maximum Age

    89 years at application, 95 years old at completion.

  • Type/Commercial

    Single units HMO's up to 6 bedrooms MUFB's (Multi units) up to 6 flats on 1 title Flats above commercial - up to 70% HMO & MUFB properties will be valued on a ‘bricks and mortar’ basis only, Zephyr Homeloans will not undertake investment valuations.

  • Historic CCJ's & Defaults

    Unsecured Loan Arrears & Credit Cards: No late or missed payments in last 36 months. CCJ's & Defaults: Maximum 1 up to £250 in the last 3 years and satisfied. None in last 12 months. Payday loans - No.

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – No maximum LTV for the overall portfolio
    – A sample check of a portfolio will be concluded at a minimum of 25%. Rental coverage on the overall portfolio will need to meet 100% of any contractual monthly payment.

    Portfolio Landlord Criteria

    – No limit on the amount of lending with Zephyr Homeloans
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule (overview) – All cases
    – Business Plan – All cases
    – Cashflow Statement – All cases
    – Asset & Liability Statement – All cases
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • STANDARD (single properties)
    Max Loan Amount – £1,500,000 @ 70% LTV.
    £1,000,000 @ 75% LTV
    (£2,000,000 in total)

    SPECIALIST
    HMOs & MUFBs:
    Max Loan Amount - £750,000 @ 80% LTV.
    Max Loan Amount - £1,000,000 @ 75% LTV.
    (£2,000,000 in total)

    Specialist New Build & Flats Above Commercial products available up to 75% LTV, with Max Loan size of £750,000

    NB – The maximum LTV for portfolios with aggregate loans of more than £2,000,000 is 75%. We will require proof of the source of deposits

  • 5 years
  • 35 years
  • Minimum lease of 70 years remaining at the end of the mortgage term
  • Yes - as long as the AST agreement is between the individual & not the local authority.
  • Yes, considered. It is acceptable for part or all of a deposit to be gifted by a party unconnected to the transaction
  • Yes, considered. It is acceptable for part or all of a deposit to be gifted by a party unconnected to the transaction
  • 6 months minimum ownership required
  • No
  • Yes, must be British National and reside in the UK.
    Accept applications from non-UK nationals who have Indefinite Leave to Remain (ILR) in the UK.
  • New build and flats above commercial premises:
    Max Loan size of £750,000 – including New Build properties within the M25 only
    Max Loan size for New Build properties outside the M25 is £500,000
  • Yes to both, houses and flats.
    At least 50 % of properties within the block are privately owned and we require valuer commentary to satisfy us on this point.
    Flats or maisonettes in blocks exceeding 10 stories are acceptable subject to mandated approval by Zephyr Homeloans
  • Standard properties – Individuals: High rate taxpayers -140% based on higher of Payrate + 2 or 5.5%, or just Payrate for the 5 year fix.

    Basic rate taxpayers- 125% higher of Payrate + 2 or 5.5%, or just Payrate for the 5 year fix.

    Limited Company: –
    125% higher of Payrate + 2 or 5.5%, or just Payrate for the 5 year fix.

    All MUFBs, HMOs and Flats above Commercial: – Individuals 150% higher of Payrate + 2 or 5.5%, or just Payrate for the 5 year fix.

    Limited Companies
    135% higher of Payrate + 2 or 5.5%, or just Payrate for the 5 year fix.

  • Yes, only when the applicant/director already has rental properties in the background prior to approaching Zephyr.
  • No, but if score is low then overall case is reviewed at application stage.
  • No late or missed payments in last 36 months.
  • Valuations fees are paid Via DPR - See product guide for details. Products not portable.
  • 21 years
  • Will lend in England and Wales, including Isle of Wight
  • 4 applicants / Directors. Zephyr Homeloans allows up to a maximum of 4 Directors providing at least 80% of shares are held and the company has been set up for the sole purpose of buying, selling or managing residential property. The company details quoted can be verified by reference to Companies House or via an Equifax search.
  • Access to Zephyr Homeloans is available via selected packagers only
  • DIP will be a soft footprint with a hard footprint left at FMA - Equifax
  • Property Value

    Minimum property value £120,000 (we have a little flexibility between £100-£120k), Ex Pat BTL tends to be min value £165,000 as minimum loan is £100,000 but again a little bit of flexibility)

  • Advance (min)

    £45,000 (A small amount of flexibility can be applied to the amount on referral sometimes) - including Ex - Pat
    Check all LTV's

  • Income

    No income assessment carried out. Applicants should be able to cover a minimum of 3-month rental voids and confirm this on the application form. Where a client does not have...

  • Maximum Age

    Max Age AT Application - C & I 90 and Interest Only 89. (5 Year Term max at these ages)

  • Type/Commercial

    Single units only. Multi Unit Freehold (max 3 units in the freehold) – Client must not live in one part – Will lend on the Freehold value.

  • Historic CCJ's & Defaults

    No defaults in the last 3 years and any over 3 years must have been satisfied 3 years ago CCJ's - will consider 1 satisfied under £500 in the last 3 years, all other CCJ's must have been satisfied over 3 years ago 1 communication supplier issue may be considered...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_expatriate
  • Property Type: type_single, type_multi_upto_5
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Maximum 75% LTV for the overall portfolio
    – A minimum rental stress of 125% at 5.5% across the portfolio with at least 100% coverage for each mortgaged property

    Portfolio Landlord Criteria

    – ** to an aggregate borrowing of £3m
    – No limit on the size of the existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – Not required
    – Cashflow Statement – Not required
    – Asset & Liability Statement – Not required
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • 80% LTV to £750,000 loan amount
    75% LTV to £1mill loan amount
    70% LTV to £1.5mill loan amount
    65% LTV to £2 million loan amount
    60% LTV to £1.5 million loan amount
    50% LTV to £3 million loan amount and 50% LTV above this

  • 5 years
  • 40 years
  • 50 plus mortgage term
  • No
  • Yes, considered
  • Max Age AT Application - C & I 90 and Interest Only 89. (5 Year Term max at these ages)
  • 6 months as a rule however if bought with bridging finance these can be considered sooner subject to a suitable explanation (e.g. Unable to mortgage at the time of purchase).
  • Yes, required
  • New Build houses accepted

    Flats - No

    New build is defined as built in the last 12 months, or has not previously been occupied.
  • LATS - No (inside M25 maybe considered by exception)

    Houses - Yes

    Accepted up to product maximum LTV, subject to the following conditions:
    Standard Construction Only
    No Deck Access
    Valuers Comments
  • Individual or Ltd Co 145% at 6.79%. or variable rate if higher when the case is a purchase or capital raise remortgage. £4£
    Remortgages are 130% at 6.79%. or variable rate if higher.

    Cases on a 5 year Fixed can be assessed at Pay Rate x 145%/130% as before

  • Yes but only at 145% of Payrate on a 5 Year Fixed or 5.50 if not. 130% rule does not apply.
  • No
  • 1 in last 12 months but 0 in last 6 months, 2 in last 36 months
  • Paid direct to the lender at the lender fee scales. Free Valuations on Residential Purchase and Remortgage cases up to £500,000 (Discount of £360 above that value)
  • 18 years old
  • Will lend in England and Wales.
  • 4.
  • Access to Family BS is available via selected packagers networks.
  • 1 years figures/ SA302's/ Accounts is accepted - however, they must meet the below: -
    2 years is normally required, although an applicant with 1 year’s accounting information can be considered if the applicant:

    Where possible we work off the latest years figures but reserve the right to use a 2 year average

    - Has a track record in the trade; or is
    - Able to demonstrate guaranteed income within the next accounting period; or
    Moved purely from ST to Ltd Co same sole Director

    Contract Workers - Min Contract £75,000 - Can then work of Contract income 46 weeks x Day rate
  • Property Value

    £75,000

  • Advance (min)

    £25,001

  • Income

    £15,000 (non-rental) per application • For new applicants in the higher income tax bracket, the amount earned in rental income must cover at least 140% of the interest only mortgage...

  • Maximum Age

    No Maximum

  • Type/Commercial

    Single unit properties • Joint mortgage, Sole Proprietor • Interest-only, Part & Part and Capital & Interest • Consumer Buy-to-Let applications • Terms up to 40 years • No upper age limit Holiday lets - Considered - they have a specific product range - see product guide. • The product...

  • Historic CCJ's & Defaults

    Applicant(s) must satisfy the following criteria: Mortgage applications up to 80% LTV: • No missed payments in last 12 months on any (previous or current) mortgage, other secured loan or rent, and no arrears in months 13-24 (counting backwards from the present date), where the cumulative amount overdue at any...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary
  • Customer Type: customer_individual, customer_expatriate
  • Property Type: type_single, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Not Accepted

  • £1,000,000 to 80%. Applicants will be required to own their residential property.

  • 5
  • 40
  • For Capital and Interest 85 years from the start of the mortgage term Interest only below 50% LTV 85 years from the start Interest only above 50% is 85 years the end of the term
  • Yes
  • Yes
  • 6 months minimum ownership before remortgage can be considered.
  • Yes (unless Ex-Pat)
  • Houses - Yes up to product maximum
    Flats - Yes, up to max LTV
  • We cannot accept a local authority or av ex-local authority flat and maisonette unless located within the M25, a maximum LTV of 65%, minimum £200k valuation and satisfactory valuer comments regarding demand and re-saleability.

    Houses – Yes
  • Purchase:

    Basic-rate tax payers: 125% x 5.5%.

    Higher-rate tax payers: 140% x 5.5%.

    Remortgage:

    Pound for Pound remortgages (regardless of tax band): 130% x 5.5%.

    If a remortgage with capital raising;

    Basic-rate tax payers: 130% x 5.5%

    Higher-rate tax payers: 140% x 5.5%

    For Consumer BTL’s a full affordability assessment will be required.

    Valuer must confirm the gross monthly rent achievable (based upon unfurnished figure).

  • Yes
  • Dudley BS - Credit check, do not credit score.
  • Valuation fees paid direct to lender at the lender fee scale.
  • 18 years
  • 4
  • Access to Dudley BS is available via selected packagers only.
  • Property Value

    £50,000

  • Advance (min)

    £25,001

  • Income

    No minimum income Will consider affordability using personal income for applicants Evidence must be retained of income and source of deposit for all applications You must ensure that you ask...

  • Maximum Age

    80

  • Type/Commercial

  • Historic CCJ's & Defaults

    CCJs Criteria (Unsatisfied or Satisfied) 1 or more CCJs registered in the last 2 years and the total value of CCJs is more than £100 - Decline 1 or more CCJs registered in the last 2 years and total value of CCJs is less than £100 - Accept 1 CCJ...

  • Intermediary Status: da_intermediary
  • Customer Type: customer_individual
  • Property Type: type_single, type_hmo_upto_6
  • Max Age: max-age-70-75, max-age-76-80
  • Property Value:0-74999, 75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Maximum 75% LTV for the overall portfolio
    – A minimum rental stress of 145% at 5.5%
    – Minimum earned income of £30,000 to include taxable profit from property portfolio
    – Maximum of 10 BTL mortgaged properties with other lenders

    Portfolio Landlord Criteria

    – Up to 3 BTL mortgages with the Retail Division of Lloyds Banking Group to an aggregate borrowing of £2m
    – Maximum of 10 BTL mortgaged properties with other lenders

    Additional Document Requirements

    – Portfolio Schedule (lender customer profile form) – All cases
    – Business Plan (lender customer profile form) – All cases
    – Asset & Liability Statement (lender customer profile form) – All cases
    – Cashflow Statement – Not required
    * Lender will not accept client versions of the documents

  • £1,000,000 to 75% LTV

  • 5
  • 40 years
  • At least 70 years unexpired term at the time of application.
  • Yes - Must be evidenced
  • No
  • 6 months minimum ownership before remortgage can be considered. Will lend against OMV no restrictions on maximum advance.
  • Yes
  • New Build flats and Houses accepted to 75% LTV
  • Houses and flats considered - Subject to valuers comments
  • 125-145% @ 5.5% (see lender calculator)

  • LTB will only be available when the applicant is buying a Residential property
    They will require evidence of the Residential property purchase for LTB mortgages.
  • Yes
  • Valuation fees paid direct to lender at the lender fee scale
  • 21 years old
  • 4
  • Access to BM Solutions is direct to the lender with 3mc as your payment route
  • Property Value

    £60,000 (single residential units) **** £75,000 (HMO's, Multi Unit Freeholds and other properties)

  • Advance (min)

    £25,000

  • Income

    No minimum income - although evidenced income must support no more than 40% of personal debt. £25,000 minimum income for First Time Landlords

  • Maximum Age

    85 years at end of the mortgage term.

  • Type/Commercial

    HMO’s, student BTL. Multi-unit on 1 title, semi-commercial, commercial investments units plus owner-occupied commercial units. Available to trading Ltd Co. SPV’s and individuals. Allow single name into a limited company name using a directors loan and must be at market value. Holiday lets (not flats) cannot be considered. Do not...

  • Historic CCJ's & Defaults

    None in last 3 years for residential property. For commercial enquiries, up to 2 unsatisfied CCJs in the last 24 months up to a maximum value of £5,000. Allowed up to 5 CCJ's with the last 5 years will be considered subject to underwriting. Defaults considered on case by case...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_commercial, type_semi_commercial
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85
  • Property Value:0-74999, 75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – No maximum LTV for the overall portfolio
    – A minimum rental stress of 145% at 5%

    Portfolio Landlord Criteria

    – No limit on the amount of lending with Aldermore Bank
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Cashflow Statement – All cases with 11 or more mortgaged BTL’s with Aldermore
    – Asset & Liability Statement – All cases with 11 or more mortgaged BTL’s with Aldermore
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • £5,000,000 to 75% LTV on 1 unit. £35,000,000 to a single customer.

  • 6 years
  • 10 Years Interest only 35 years maximum for C&I Capped at 20 years for 7 bedrooms or more on HMO and 5 units or more on multi freehold
  • 40 years plus mortgage term
  • Yes and DSS
  • Yes
  • Yes
  • Remortgages within the first six months of the original purchase date are not normally acceptable.

    Less than 6 months: restricted to the amount required to repay existing facility plus 100% of documented improvement cost, subject to ownership period of at least 1 month - can consider remortgage from short term finance and remortgaging out of short term finance provided by other lenders will be subject to the length of ownership.

    Greater than 6 months: capital raising allowed over and above the sum required to redeem the short term finance, based on any enhanced value of the property.

    Remortgage from a cash purchase

    Remortgage when the property was purchased as a cash transaction can be considered subject to ownership period of at least 1 month and is restricted to 100% of documented improvements costs. This does not include the initial cash amount to purchase the property.

    Greater than 6 months, capital raising allowed based on the enhanced value of the property

    Capital raising • For property related purposes can be considered up to a maximum LTV of 80%

    • For non-property related can be considered, up to a maximum LTV of 75%

    • Capital raising for payment of taxes and consolidation of debts that have not been maintained satisfactorily is not permitted
  • No
  • Yes (unless Ex-Pat)
  • New Build flats and houses considered.
  • Can be considered up to 75% LTV, subject to the following conditions:

    • Minimum property value of £100,000 (£200,000 in Greater London)

    • No outstanding pre-emption requirement to repay a proportion of the discount

    • Maximum of 3 floors above the ground floor

    • Secure communal access with no balcony access arrangements

    • Valuer indicating that there is evidence of a meaningful level of private ownership within the estate

    • The property being of standard construction

    • Private access (not via balcony)

    • Good location (i.e. close to local amenities and close to transport locations).

    • Evidence of good demand ( i.e. what percentage of the block is privately owned, at the very least 25%)

    • No large panel/concrete constructions.

    No outstanding pre-emption requirement to repay a proportion of the discount

    Valuer indicating that there is evidence of a meaningful level of private ownership within the estate

    The property being of standard construction
  • Applicant type – Minimum interest cover ratio

    Individuals(higher or additional rate tax payer) 145% or 120% including use of surplus income

    Companies or Individuals (basic rate tax payer) 125% or 110% including use of surplus income

    5 year fixed products are stressed at the higher of (i) initial pay rate or (ii) reversion rate + 0.75%

    HMO Rental Calculations: –
    Individuals (higher rate) – 185% or 160% with income

    Additional rate tax payer
    185% or 160% with income

    Companies and Basic rate tax payers
    155% or 140% with income

    Multi-unit freehold
    Individuals (higher rate) – 145% or 120% with income

    Additional rate tax payer
    145% or 120% with income

    Companies and Basic rate tax payers
    125% or 110% with income

    Portfolio rental stress is at 5% – can consider a rental boost if falling short on rental income for portfolios.

    If the individual stress rate for the application is below the portfolio stress of 5%, the lower stress rate will be factored in to the overall assessment of the portfolio.
    *************
    Commercial Owner Occupied – Net Operating Income (NOI) to provide coverage at 165% at the pay rate (higher of the product or revert rate if a fixed rate product if selected)

  • Remortgage of residential into a BTL accepted - Max LTV 75% and max loan of £600,000
  • No
  • Up to 1 in the last 12 months, none in last 3 months for residential property/HMO, for commercial property none in last 3 years payments.
  • Paid direct to lender at the lender fee scales
  • 25 years
  • Will lend in England, Scotland and Wales
  • No maximum
  • Access to Aldermore commercial is available via selected packagers only
  • Hard foot print
  • Property Value

    £75,000

  • Advance (min)

    £350,000 for Semi-commercial and Commercial
    £500,000 for BTL
    £250,000 for Brigding

    ---
    £100,000 (less will have a 2% load on the margin) £100,000 for Refurb products

  • Income

    No Minimum Income for standard cases Minimum UK equivalent income of £50,000 for ex pat cases

  • Maximum Age

    85 at the end of the mortgage term

  • Type/Commercial

    HMO’s/MUFB's, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. No limit on the maximum number of bedrooms/units for HMOs/MUFBs Available to trading Ltd Co. SPV’s, SIPPs, SASS's, Family/Discretionary Trusts and individuals

  • Historic CCJ's & Defaults

    Ignored IF - registered more than 3 years ago and satisfied prior to application. Ignored if registered and satisfied prior to 12 months prior to application. Ignored if less than £300 regardless of date of registration. Must be satisfied prior to application.

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_ltd_expat, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_commercial, type_semi_commercial, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Background portfolio ICR which must be a minimum of 125% ICR at 5.7% pay rate and a maximum of 85% LTV.

    Portfolio Landlord Criteria

    – No limit on the amount of lending with One Savings Bank
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Asset & Liability Statement – All cases
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • £1,500,000 to 75%. for single units - £70% LTV for <7 bed HMO/MUFB - Larger HMOs/MUFBs available up to 80% LTV Properties over £2,000,000 are considered. Exceptions and portfolios considered.

  • 2 year term for all applicants
  • 30 years
  • 65 years remaining at the end of the proposed mortgage term
  • No
  • Yes - from a direct relative
  • Yes - Family members credit needs to be checked
  • No minimum ownership period
    before remortgage considered. All cases considered on own merits
  • Yes - (unless Ex-Pat).
    Tier 2 Visa - on a case by case basis, Tier 2 Visa’s can be considered on case merit. Subject to product loading.
  • All new builds considered.
    HMO 80% LTV
    New Build Flats up to max 75% LTV
  • Consider both houses and flats. Flats are considered providing more than 80% of the block is privately owned/owner occupied.
    50-79% private/owner occupied would need to be assessed as an exception to criteria. Cannot consider if less than 50% of the flats owner occupied.
  • BTL/HMO: The required Interest Coverage Ratio (ICR) will depend on the property type and whether or not we are lending to a limited company.

    ICR will be calculated using a stressed rate of 5.5%, or the initial pay rate + 1.55%, whichever is higher.

    However, the following exceptions apply:
    if the case is a remortgage with no additional borrowing, ICR will be calculated using the initial pay rate + 1.05%, with no minimum stress rate.
    if the 5 year fixed rate is being used, ICR will be calculated using the initial pay rate, with no additional margin or minimum stress rate.

    Standard Property
    Single dwellings
    HMO/multi/student lets with up to 5 rooms.
    Freehold blocks/titles of land with up to 4 residential units.
    Personal Applicants
    140% rental cover applies
    Limited Company
    125% rental cover applies

    Specialist Property
    HMO/multi/student lets with 6 or more rooms
    Freehold blocks/titles of land with 5 or more residential units.
    Personal Applicants
    160% rental cover applies
    Limited Company
    145% rental cover applies

    Semi-Commercial/Commercial: The Debt Service Cover Ratio (DSCR) is 125% of pay rate

    Background portfolio ICR which must be a minimum of 125% ICR at 5.7% pay rate and a maximum of 85% LTV.

  • Considered
  • No
  • No Adverse in the last 2 years
  • Paid direct to lender at the lender fee scales
  • 20 years
  • Will lend in England and Wales
  • No maximum
  • Access to InterBay commercial is available via selected Key Partners only
  • Soft foot print only
  • Property Value

    £75,000

  • Advance (min)

    £50,000

  • Income

    £18,000 for the primary applicant. First time landlords are accepted - Calculated on personal affordability and 80% of the net rent to be received on the BTL Bluestone allow use...

  • Maximum Age

    65 at the start of the mortgage term

  • Type/Commercial

    Can consider Regulated BTL - and will accept an AST Investment BTL will only now be available on Clear product basis.

  • Historic CCJ's & Defaults

    Defaults and CCJ's ignored for product selection purposes if less than £300. Ignore all communication defaults/CCJ's None allowed in last 6 months outside of the above criteria unless communications, which are ignored. No pay day loans in last 12 months Secured arrears - Based on worst status shown on credit...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual
  • Property Type: type_single
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Not Accepted

  • £500,000 up to 75%

  • 5 years
  • 35 years
  • Minimum remaining lease terms for residential to 40 years and 50 years for BTL
  • Yes
  • Yes
  • 6 months minimum before remortgage
  • Yes
  • Yes - New Build only.
  • Houses only, no to flats
  • ICR Basic rate tax payers – 125%

    High rate tax payers – 140%

    Top slicing with income available on Interest only loans with a minimum ICR of 112%

  • Yes
  • No
  • Valuation fees paid direct to lender
  • 20
  • 2-4 applicants
  • Access to Bluestone Mortgages is to a selective panel of mortgage packagers
  • Property Value

    Single residential units - £50,000 up to 70% LTV. Over 70% LTV, minimum valuation of £70,000 applies.
    HMO - £100,000
    MUB - £175,000 in London & South East
    £125,000 in all other locations.
    Ex Local authority flats/maisonettes min £80k outside London, £200k in Greater London up to 80% LTV.

  • Advance (min)

    £100,000 - supersedes all minimum property values.

  • Income

    No minimum income

  • Maximum Age

    85 at the end of the term as standard (not a company structure). 95 at the end of the term for company BTL

  • Type/Commercial

    Flats LTV's available up to scheme limits. No restriction on number of storeys in a block of flats No requirement for a lift above 4th floor Flats near to or above bars, pubs and petrol stations considered Multi-Unit Blocks (MUB) now available up to 6 units Landlords considered with no...

  • Historic CCJ's & Defaults

    Vida 1, No registered CCJs or Default in last 48 months. No Unsatisfied CCJs Vida 2, No registered CCJs or Default in the last 36 Months. No Unsatisfied CCJs Vida 3, 1 Registered CCJ or Default in last 24 months (includng unsecured defaults) (0 in last 18 months of £250...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_hmo_upto_6, type_hmo_upto_8
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:0-74999, 75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Average 80% LTV for the overall portfolio
    – No minimum rental stress requirements – Rental stressing will only be applied to mortgages held by Vida

    Portfolio Landlord Criteria

    – Up to 20 properties with Vida to an aggregate borrowing of £4m
    – No maximum number of properties in total with Vida, other lenders & unencumbered units

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Cashflow Statement – Case by case
    – Asset & Liability Statement – Case by case
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • £550,000 to 85% LTV
    £750,000 to 80% LTV (Max LTV in Scotland)
    £1,000,000 to 75% LTV on Ltd edition products
    £1,500,00 to 70% LTV

  • 5 years
  • 40 Years
  • C&I loans minimum of 40 years lease remaining. I/O 70 years remaining
  • DSS Tenants are considered if in receipt of a top up on the rent payable.
  • Accepted from close relatives, ie parents, grandparent, sibling, step relatives, child, spouse etc
  • Considered when the property is being purchased from a close relative only - 5% required by the applicants Gifted Deposits 100% gifted deposits considered from the following family members: spouse/partner, parent, child, grandparent, sibling, step relatives, foster parent or legal guardian. Overseas Deposit Deposits from an overseas account can be considered on a case by case basis Builder deposit/incentive Acceptable up to 5% of the purchase price on new build properties Purchase at Undervalue Acceptable where purchasing from a close relative, or a long-term tenant buying from their landlord Inter Co Loans - unable to consider intercompany loans as a source of deposit
  • 6 months - If less than 6 months, will allow remortgaging from bridging finance provided by other lenders including the roll up of interest and lender fees. Capital raising is not accepted.

    Bridging finance can be remortgaged within 6 months with capital raising considered where clear evidence of works carried out to improve the value of the property
  • Yes (unless Ex-Pat). Must have 2 years residing the UK also.

    All applicants must provide 3 years address history. The latest year must show continuous residency in the UK.

    However, Only 1-years’ UK residency required before application.

    If married at least one applicant must have permanent rights to reside or indefinite leave to remain, both would need to be applicants on the mortgage but affordability must fit on only the applicant with permanent rights to reside or indefinite leave to remain.

    All Non EEA Nationals must be resident in the UK for the last 2 years and have permanent right to reside in the UK.

    Extended list of acceptable visas

    Foreign Nationals will need to provide evidence of their right to reside in the UK. Those with a permanent right to reside, EU/EEA/Swiss with settled status or indefinite leave to remain can borrow up to scheme limits.
    Where residency status is evidenced by one of the following, borrowing is available up to 75% LTV with at least 5% of the deposit coming from either savings or inheritance:

    EU/EEA/Swiss and Foreign Nationals

    EU/EEA/Swiss with pre-settled status
    Family visa
    Tier 1 (Entrepreneur Visa only)
    Tier 2 (Skilled Worker)
    UK Ancestry Visa
    British National (Overseas) Visa
    Senior or Specialist Worker Visa
    Health and Care Worker Visa
  • Vida define a new build property as one that has never been occupied.
    Properties in the course of construction and Off Plan will be considered on a ‘finished basis’ valuation with full retention of monies until the property is ready for completion.
    Offers are valid for 6 months which can be extended for up to a further 6 months on the same product subject to credit search, affordability and re-valuation (£96).
    Monies will be released following provision of a completion certificate.
  • Houses are considered up to scheme and LTV limits, and flats/maisonettes up to max 80%, subject to conditions. Flats/Maisonettes, minimum property value of £80,000 (£200,00 in Greater London).

    Flats: High rise flats must have a lift if over 4 floors (ground floor + 3 floors). High quality flats over 10 storeys (maximum 20) can be referred for
    underwriter consideration based on valuer’s comments on mortgageability & saleability.

    No lift is required if the flat is on one of the first three floors above ground, irrespective
    of the number of floors in the block.
  • 2 year fixed: Product rate + 2%, 5.5% minimum.

    2 year fixed £ for £ re mortgage: Product rate, 5% minimum.

    5 year fixed Product rate.

    140% Higher Rate Taxpayer

    125% UK Basic Rate

    125% UK Ltd Co’s/SPV

    HMO/MUB – 130%, including Ltd Company HMO, 140% for higher rate tax payers

  • Accepted, providing customer confirms that the property is being let out for investment purposes. Vida can lend on both the BTL and/or residential loan

    If BTL is with another lender, we require a copy of the offer. Vida requires a simultaneous completion of a new residential for a Let to Buy. If this is not the case then the applicant is required to be out of the property with consent to let from their current lender.
  • Customer should achieve a low cutoff score to be considered for the range. Vida then select a tier based on exact credit profile, not score, for transparency.
  • Vida 1 - 0 missed payments in last 36 months Vida 2 - 1 in last 24 months (0 missed payments in last 6 months) Vida 3 and 4 - 2 in last 24 months (0 missed payments in last 6 months)
  • Valuation fees paid direct to lender at the lender fee scales
  • 21 (Primary applicant), 18 for all other applicants if a direct family member. If First time buyer and first time landlord, the client must be 25 years old.
  • Will lend in England, Scotland and Wales
  • 4 applicants
  • Access to Vida Homeloans is through a selective panel of packagers, one of which is 3mc
  • Soft foot print
  • Property Value

    £75,000 Exception is residential portfolios where min value is £50,000 for at least 2 properties. For properties under £100,000 - see specific product range

  • Advance (min)

    £50,000

  • Income

    No Minimum Income

  • Maximum Age

    80

  • Type/Commercial

    Single Residential investment unit, HMO’s, student BTL. Multi-unit on 1 title, semi commercial, commercial investments units plus owner occupied commercial units. Available to trading Ltd Co. SPV’s and individuals. SIPP's and SAS accepted Offshore LTD Companies and Trusts considered - Minimum loan size must be £750,000. Maximum loan size of...

  • Historic CCJ's & Defaults

    Unsatisfied CCJ’s/Defaults in last 24 months unacceptable. A1 credit profile on secured and unsecured lending. Will also look at the credit profile of any businesses that clients are associated with. Will take a pragmatic view of any small blemishes in their credit conduct, but any missed mortgage payments are likely...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_trading, customer_ltd_expat, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_commercial, type_semi_commercial, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80
  • Property Value:0-74999, 75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Maximum 75% LTV for the overall portfolio

    – A minimum rental stress of 100% at 8% (for individuals) & 7% (for Limited Companies)

    Portfolio Landlord Criteria

    – No limit on the amount of lending with Shawbrook Bank

    – No limit on the size of portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases

    – Asset & Liability Statement – All cases

    – Business Plan – Not required

    – Cashflow Statement – Not required

    *Lender will accept client versions so long as covers the lenders minimum requirements

     

  • £15,000,000 per client to 75% LTV.
    Loans over £750,000 have specialist rates Exceptions and portfolios considered.

  • 3 years
  • 30 years
  • 85 years remaining at term expiry, less considered to 55 years remaining at the end of the term subject to positive valuer commentary
  • Accepted
  • Yes - Gift letter should be completed. Has to include copy of donor’s identity and a bank statement showing funds in a UK bank account
  • Yes - evidence of payment conduct is required for any borrowings the parents may have secured on the property to ensure they are not shifting bad debt to the applicant while still managing the asset. A Gift letter is also required
  • No minimum ownership period
    before remortgage considered. Will lend against OMV within 6 months subject to criteria.
  • Yes (unless Ex-Pat)
  • All new builds considered.
  • Ex-local houses considered
    Ex-local flats considered
  • Conduct calculator which will supersede any listed criteria.

    Limited Company: –
    (5 year fix, 10 yr term)125% @ Pay rate AND Outside Portfolio check 110% @ 7%

    (Variable rate & fixed up to 5 yrs) Margin + 2.40% stress min 5.5% x 125% AND

    Outside Portfolio check 100% @7%

    *******
    Lower Rate Tax Payer: –

    (5 yr fix, 10 yr term+) 155% @ Pay rate, AND Outside Portfolio check 110% @ 8%

    (Variable rate & fixed up to 5 years) Margin + 2.40% stress min 5.5% x 140% AND outside Portfolio check 100% @ 8%

    ********
    Higher Rate Tax Payer: –

    (5 yr fix, 10 yr term+)155% @ Pay rate, AND Outside Portfolio check 110% @ 8%

    (Variable rate & fixed up to 5 years) Margin + 2.40% stress min 5.5% x 140% AND Outside Portfolio check 100% @ 8%

    ********

    Shawbrook HMO: –

    (Limited Co: – 5 yr fix, 10 yr term+)150% @ Pay rate,AND Outside Portfolio check 110% @ 7%

    (Variable rate & fixed up to 5 years) Margin + 2.40% stress min 5.5% x 150% AND Outside Portfolio check 100% @ 7%

    ********
    Lower Rate Tax Payer: –

    (5 yr fix, 10 yr term+)175% @ Pay rate,AND Outside Portfolio check 110% @ 8%

    (Variable rate & fixed up to 5 years) Margin + 2.40% stress min 5.5% x 160% AND Outside Portfolio Check 100% @ 8%

    ********

    Higher Rate Tax Payer: –

    (5 yr fix, 10 yr term+)175% @ Pay rate,AND Outside Portfolio check 110% @ 8%

    (Variable rate & fixed up to 5 years) Margin + 2.40% stress min 5.5% x 160% AND Outside Portfolio check 100% @ 8%
    *********

  • Remortgage of residential into a BTL accepted
  • No
  • Adverse considered on a case by case basis. Missed mortgage payments over 12 months ago considered.
  • Paid direct to lender at the lender fee scales
  • 21 years
  • Will lend in England, Wales and Scotland
  • No maximum
  • Access to Shawbrook Bank is available via selected packagers only.
  • Hard foot print
  • Property Value

    £50,000 or £150,000 in London postcode districts HMO minimum property value now £100,000, or £250,000 in London postcode districts

  • Advance (min)

    £75,000 for Individuals & Limited Company
    This includes single units, HMO's & Multi units

  • Income

    No minimum income

  • Maximum Age

    80 years at time of application, 115 maximum age limit, 70 years for FTB FTL

  • Type/Commercial

    SPV Limited Company Standard BTL investment properties such as a house or Flat HMO's up to a maximum of 6 bed - can also consider HMO' with 6 beds with more than 1 kitchen Studio - 30 SQM Portfolio limit for landlords of up to 20 properties allowed with Precise...

  • Historic CCJ's & Defaults

    Tier 2 - CCJs and defaults accepted if over 24 months Tier 1 - Defaults 0 in 72 months CCJs 0 in 72 months Missed mortgage/secured loan arrears 0 in 36 months Unsecured arrears 1 in 12 months, 2 in 36 months (worst status) - must pass credit score. Payday...

  • Intermediary Status: da_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:0-74999, 75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Background portfolio ICR which must be a minimum of 125% ICR at 5.7% pay rate and a maximum of 85% LTV.
    Click here to complete the online viability check

    Portfolio Landlord Criteria

    – Up to 20 mortgages with Precise Mortgages – please check product guide for further details
    – No limit on the size of the existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Asset & Liability Statement – All cases
    – Cashflow Statement – Not required
    * Lender will accept client versions for all documents
    NB – Portfolio assessment will be valid for 12 months to reduce requirements on subsequent applications providing there are no material changes.

  • £3,000,000 to 60% LTV
    £1,000,000 to 70% LTV
    £750,000 to 75% LTV

    HMO/Ltd Co: -
    Maximum loan:
    £1,000,000 to 70% LTV
    £750,000 to 75% LTV

  • 5 Years
  • 35 years
  • Minimum remaining lease term is 70 years at completion.
  • Considered Sub letting agreements direct with the council will not be accepted.
  • Yes - including Aunts and Uncles
  • No for gift of equity from family members Ltd Co: - Equity gifts accepted from personal to Ltd Company. (Director's loan) - unless the minimum deposit has been met. Example: - will allow a sale below market value but will base LTV on the lower of the 2 prices. E.g: If immediate family had a BTL worth £150,000 he could sell it to applicant for £100,000. then Precise will allow that but they would lend at 80% of the £100,000 and the 20% deposit would need to come from the clients own sources.
  • 6 months minimum ownership required before remortgage.
    Unless remortgaging off a precise Bridge or the security has been inherited through probate.
    If property was converted from a Residential into a let property, it must have been owned for a minimum of 12 months prior to remortgage.
  • Yes - can accept spousal visa for secondary applicant (cannot use their income)

    EU Citizens

    Applications submitted from 1st January 2021 where the applicant is an EU citizen they must provide a valid permanent residence document or evidence that settled or pre-settled status has been granted under the EU Settlement Scheme. This can be in the form of a letter from the Home Office confirming their settlement status or a Residence Card.

    Settled status is awarded to EU citizens that can evidence a minimum of 5 years’ continuous residence in the UK, whereas pre-settled status applies to those who have not resided in the UK for 5 years. Those awarded pre-settled statuses can apply for settled status once the 5-year residence requirement can be met.
  • New build flats and houses accepted to product max LTV

    ****
    Flats in blocks up to 20 storeys, with a commercial ground floor accepted

    80% LTV available for buy to let new build houses and flats

    85% LTV available plus up to a 5% builders incentive on residential lending

    S106 obligations considered

    Mortgage offers valid for six months from the date of issue, if required we may extend for a further three months

    New Build flats with a commercial ground floor are considered

    Properties that have any MMC components can be considered providing the property was
    constructed by one of the following companies:
    Barratt Developments
    Bellway
    Berkeley
    Bloor Homes
    Bovis Homes
    Crest Nicholson
    Galliford Try
    Persimmon
    Redrow
    Taylor Wimpey
    If the property was constructed within the last 10 years it will need to benefit from one of the
    following warranties:
    Advantage HCI
    Aedis Warranties Ltd
    Building Life Plans
    Buildzone
    Checkmate (Castle 10)
    CRL Management Ltd
    International Construction Warranties (ICW)
    LABC
    N.H.B.C. Guarantee
    Premier Guarantee Scheme
    Professional Consultants Certificate
    Protek
    Zurich Municipal “New build”
  • Houses Max 80%, with adverse max 75%.
    Flats and maisonettes not accepted. The property must have good curb appeal and must have no balcony access and be overall strong case.
  • Limited Company and HMO: –

    Tracker products – @ higher of pay/revert rate + 2% (min 5.5%)

    Higher rate and additional rate taxpayers calculated at 140%

    Please visit BTL calculator at Precise BTL Calculator

    Short-term fixed rates now assessed at pay rate plus 1.55% (minimum 5.50%)

    Full description below of Precise Mortgages Criteria

    ********
    Lower Rate Tax Payer: –
    Tracker products – 125% @ higher of pay/revert rate + 2% (min 5.5%)

    60% on a 5yr + fix

    FTB FTL – The lender performs 2 x affordability assessments. Earned income will be assessed and the applicant will also need to meet the minimum rental stress requirements

    Background portfolio ICR which must be a minimum of 125% ICR at 5.7% pay rate and a maximum of 85% LTV

    Interest Coverage Ratio (ICR) will be calculated between 125%-140% dependent on the applicant’s tax band and
    individual circumstances.
    Basic rate taxpayers 125%
    Higher rate taxpayers 140%
    Additional rate taxpayers 140%

    Top slicing

    The rental income for the property must be a minimum of 110% of the payment when calculated at the pay rate of the chosen product. Surplus income from an applicant’s existing property portfolio, earned income, or a combination of the two can then be used to demonstrate affordability against the ICR required for the loan based on our current lending criteria at the assessment rate for the chosen product. Not available to first-time buyers or for remortgage applications.

  • In all circumstances for LTBs Precise will require a simultaneous completion OR the client will need to have moved out and rented the existing property for min 3 months. The client must be on the voters roll at their new residence and proof of 3 mths rent via bank statements and AST will be required. Max 80% LTV for either refinance on to a BTL or onward purchase. Precise can consider both or either transactions. Where only the onward purchase then 'consent to let' from the previous lender will be required
  • Yes - Experian at AIP stage and then full credit search conducted on both Experian and Equifax at application.
  • Missed Mtg/Secured Arrears 0 in 12, Max 1 in 36 months.
  • Valuation fees paid direct to lender at the lender fee scales
  • 21 years No limit on the number of director dependant shareholders aged under 21
  • Will lend in England, Scotland (Postcode permitting) and Wales
  • 4
  • Access to Precise Mortgages is through a selective panel of packagers, one of which is 3mc
  • Soft foot print at AIP
  • Property Value

    £75,000. £100,00 for HMO's up to 10 beds. £150,000 for 11 + bed HMO's. Multi-Units - Min Val for; 2 -10 units is £100,000 11 - 20 units is £150,000

  • Advance (min)

    £30,000

  • Income

    £25,000 minimum - however, non-portfolio landlord income requirements differ to portfolio landlord. Paragon can consider retained profit as long as the business does not required it for continued business. Such...

  • Maximum Age

    80 years old - up to 85 years old by exception only.

  • Type/Commercial

    Standard BTL investment properties such as a house or Flat Multi Units HMO's

  • Historic CCJ's & Defaults

    A comprehensive review of the credit history for each applicant will be undertaken, which will include a credit search on all applicants. Paragon Premier will undertake a credit score in order to ascertain the acceptability of the application and will not normally consider any application where there is evidence of...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – No maximum LTV for the overall portfolio
    – No minimum rental stress requirements

    Portfolio Landlord Criteria

    – Aggregate borrowing of £10m (Paragon Exclusives) & £5m (Paragon Core)
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – Case by case
    – Asset & Liability Statement – Case by case
    – Cashflow Statement – Case by case
    * Lender will accept client versions for all documents
    NB – Portfolio assessment will be valid for 6 months when using the Paragon Bank Forward Funding Facility Subsequent Application

    Paragon Bank Forward Funding Facility Information Sheet

  • £4,000,000 to 65% LTV
    £1,500,000 to 70% LTV
    £1,000,000 to 75% LTV
    £750,000 to 80% LTV both non-portfolio and portfolio landlords
    £10,000,000 per customer max lending

  • 5 years
  • 25 years
  • Freehold or leasehold (subject to a minimum of 85 years unexpired term at the commencement of the mortgage and 65 years unexpired term at the end of the mortgage). Can consider a lower lease if this is to be extended on completion.
  • Yes DSS tenants Housing association tenants Corporate tenants Single family lets Sharers Students All above considered.
  • Yes
  • No
  • No minimum ownership period before remortgage - Restrictions may apply.
  • Yes
  • Yes
  • Yes - Refer
  • Expatriate applicants and LLP’s with expatriate members 140%
    Limited company with expatriate directors 130%

    Expatriate applicants and LLP’s with expatriate members 140%
    Limited company with expatriate directors 130%

    Please see product guide for rate use

  • Yes - Will consider let to buys with no onward purchase as long as the client has already moved out of the property upon the time of application – Consent to let is NOT required. Must have credit at new address.
  • Yes - Equifax
  • None with last 24 months.
  • Paid direct to lender at the lender fee scales
  • 21 years
  • Will lend in England and Wales
  • 4
  • Access to Paragon is available via selected packagers only
  • Hard foot print at DIP/AIP stage
  • Property Value

    £75,000 minimum

  • Advance (min)

    £50,000
    Unless over 75% LTV then £100,000

  • Income

    No minimum income except for; Expatriates - £50,000, verifiable income. 2 years income is required for all self-employed applicants for income-backed products. Require no proof of income for portfolio landlords,...

  • Maximum Age

    85 years at end of the mortgage term

  • Type/Commercial

    HMO's up to 20 beds (Over 8 bed - The client MUST already own a HMO property. Broker must call into Kent Reliance's team to discuss the Valuation options. Kent Reliance can also lend on student lets. Up to 6 flats on 1 title allowed. Available in SPV Ltd Co...

  • Historic CCJ's & Defaults

    Ignored IF - registered more than 3 years ago and satisfied prior to application. Ignored if registered and satisfied prior to 12 months prior to application. Ignored if less than £300 regardless of date of registration. Must be satisfied prior to application

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_expat, customer_expatriate
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85
  • Property Value:100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Background portfolio ICR which must be a minimum of 125% ICR at 5.7% pay rate and a maximum of 85% LTV.

    Portfolio Landlord Criteria

    – No limit on the amount of lending with One Savings Bank
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – All cases
    – Asset & Liability Statement – All cases
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • No maximum loan up to 85% LTV
    £3,000,000 up to 80% LTV - if higher then it goes via BDM referral
    Max 80% LTV and £1.5m for 7-10 bedrooms/ units

  • 5 years
  • 35 years
  • 50 years remaining on the lease at the end of the mortgage term If the lease has less than 85 years remaining, then the maximum LTV is capped at 75%
  • No
  • Yes
  • Yes
  • 6 months minimum ownership required
    No First Time Buyers.

    *****
    Day 1 remortgage accepted on the following basis: -

    • Lending can be based on current property value – if verified works have been carried out and evidence provided. If not, the loan will be assessed at the initial purchase price
    • Maximum 75% LTV
    • Standard pricing to apply
    • Customer(s) to be on the voters roll for residential applications
    • Not available for New-build purchases – defined as properties that are less than two years old (from the date of practical construction) which have not been lived in.
  • Yes

    EU Citizens

    Applications submitted from 1st January 2021 where the applicant is an EU citizen they must provide a valid permanent residence document or evidence that settled or pre-settled status has been granted under the EU Settlement Scheme. This can be in the form of a letter from the Home Office confirming their settlement status or a Residence Card.

    Settled status is awarded to EU citizens that can evidence a minimum of 5 years’ continuous residence in the UK, whereas pre-settled status applies to those who have not resided in the UK for 5 years. Those awarded pre-settled statuses can apply for settled status once the 5-year residence requirement can be met.
  • New Build houses max 85% LTV
    New Build Flats max 75% LTV
    Renovation/conversion max 70% LTV
  • Houses accepted to 85% LTV.
    75% LTV flats, block must be 80% privately owned
  • Use the lender calculator for the accurate result: –

    Kent Reliance Rental Calculator

    ****

    Non-portfolio landlords: – please visit the Kent Reliance for intermediaries website to use their online calculator when the minimum ICR (Interest Cover Ratio) is not met, as they have flexibility to underwrite a case against clients individual borrowing.

    Limited company – 125% Rental cover

    Personal ownership – 140% Rental cover

    HMO/MUB

    Limited company – 140% Rental cover

    Personal ownership – 175% Rental cover

    Variable, two and three-year fixed
    The higher of… +1.55% or 5.50%

    Five-year fixed – Initial pay rate

    Remortgages with no additional borrowing
    (excluding refinancing from bridging or commercial loans)

    Initial pay rate – +1.05%

    No minimum stress rate applies

  • Remortgage of Residential into BTL accepted
  • No
  • Missed mortgage payments over 3 years considered
  • Paid direct to lender at the lender fee scales
  • 25 years
  • Will lend in England and Wales.
  • Maximum 4 Applicants. Including SPV Limited Company
  • Access to Kent Reliance is direct to lender with 3mc as your payment route
  • Soft foot print, hard foot print upon full application
  • Property Value

    £75,000

  • Advance (min)

    £50,000 for standard range

  • Income

    No minimum - any income must be from a legal source and evidenced - it will be assessed on the bank statements used to support the BTL application.

  • Maximum Age

    No maximum age for Limited Company applications. 85 for individual applications

  • Type/Commercial

    Newly incorporated limited companies acceptable F2 Range: Holiday Lets- using holiday let income Extra Large loans- Up to £5m on an individual Extra Large Portfolios- over £5m ********* HMOs: up to 10 bedrooms and MUBs: up to 10 units Mixed-use (Part-commercial) considered, check range. HMO product available where maximum number...

  • Historic CCJ's & Defaults

    Range Dependent: Standard Range: No CCJs/defaults registered in the last 24 months, regardless of whether they have been satisfied. All CCJs/defaults must be satisfied and brought up to date at time of application. Unsecured arrears - for Mail order, Utility accounts, communication contracts & credit cards. Underwriter can consider up...

  • Intermediary Status: da_intermediary, hlp_intermediary, pms_intermediary, sesame_intermediary, stonebridge_intermediary, trm_intermediary, tenet_intermediary
  • Customer Type: customer_individual, customer_ltd_spv, customer_ltd_expat
  • Property Type: type_single, type_multi_upto_5, type_multi_over_5, type_hmo_upto_6, type_hmo_upto_8, type_hmo_over_8, type_semi_commercial, type_holiday_let
  • Max Age: max-age-70-75, max-age-76-80, max-age-81-85, max-age-above-85
  • Property Value:75000-100000, 100000-150000, 150001-10000000
  • Income (min): no-min-income, above-25000
  • Portfolio Landlords Accepted

    Background Portfolio Requirements

    – Maximum 75% LTV for the overall portfolio
    – A minimum rental stress of 100% at 5.5% across the portfolio with at least 100% coverage for each mortgaged/unencumbered property

    Portfolio Landlord Criteria

    – FHL to an aggregate borrowing of £3m
    – No limit on the size of existing portfolio with other lenders

    Additional Document Requirements

    – Portfolio Schedule – All cases
    – Business Plan – Not required
    – Cashflow Statement – Not required
    – Asset & Liability Statement – Not required
    * Lender will accept client versions so long as covers the lenders minimum requirements

  • £3,000,000 - £5,000,000 on Large loan range up to 65% LTV
    £2,000,000 on loan for both individual units and HMO/MUB up to 65%
    £1,000,000 up to 75% LTV
    £500,000 up to 80% and 85% LTV

  • 5 years
  • 30 years
  • 50 years remaining on the lease at the end of the mortgage term
  • No, this also includes DSS tenants.
  • A gifted deposit (100%) is acceptable from immediate family members if accompanied by a declaration from the family member/s confirming no repayment required and that they hold no interest in the property which will be purchased using the gifted funds. Not available for First time landlords
  • Yes
  • If looking to re-mortgage sole BTL, then need to have had existing BTL for 12
    6 months (3 months if property purchased via bridging loan or for a <6 bed HMO property).
    Can do day 1 remortgages as long as it's not on specials range.
  • All applicants must be resident in the UK at the time of application and have indefinite right to remain or indefinite right of entry.
    Applicants would normally have been permanently resident in the UK for the last three years
  • Houses - Yes, to 75% LTV

    Flats: - Definition: Properties that have been built or significantly altered or refurbished within the last two years.

    Up to 70% of the re-sale value

    Significantly altered or refurbished is further defined as properties that have had structural or planning changes sufficient to change the occupancy or use class of the property.

    New Build Flats:
    • Lending to a maximum of 70% LTV
    • Lending limit: No more than 5% of a single block of flats/development subject to a minimum of two units
    • Off-plan: We will allow off-plan subject to a satisfactory re-inspection prior to release of funds
    • Interest rate coverage must reflect ground rent and service charges where these are deemed to be onerous by the valuer

    Properties with schemes and restrictions are not considered such as Section 106 restrictions, Keyworker/affordable housing schemes, shared equity.
  • Flats and maisonettes - Considered.
    Houses - Yes, subject to valuers comments and good marketability (not First Time Landlords).
    Subject to valuer’s comments and an EWS1 If valuer requires this.
    If block of flats has over 3 storeys with cladding, it will not be considered.
  • For Individual and Limited Company products: – 145% of pay rate (5 year fixed products) or 5.50% notional rate for all other products

  • No
  • Yes
  • Light adverse rates - Maximum of one missed mortgage payment in the last 24 months, with none in the last six months. Prime Rates - No missed mortgage payments in the last 24 months.
  • Valuation fees paid direct to lender at the lender fee scale.
  • 21 years old (primary applicant). All borrowers must be over 18 years of age.
  • Will lend in England, Scotland and Wales.
  • Maximum 2
  • Access to Foundation Home Loans is available via selected packagers only.
  • Hard foot print

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