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
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%
*********