Fleet Mortgages

Mortgage Type

Buy To Let

Property Value (min)

'- 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)


Advance (max)

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

Term (Max)

30 years

Minimum Age

21 years (25 years for first time landlords).

Maximum Age

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

Family Cash Gift Deposit

Accepted – immediate family only

Family Gift of Equity Deposit

We do not accept gifted equity, but we are able to consider gifted deposit where there is no money changing hands.

Income (min)

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


Not accepted (minor restrictions considered refer to BDM)

Let to Buy (Turning Residential into Buy to Let)


DWP Tenants


Ex-Local Authority Properties


Minimum years remaining on leasehold property

75 years

Minimum Ownership

Within 6 months, provided land registry has been updated.

Permanent rights to reside and remain



No. Applicants must be resident within the UK for the past 3 years.

New Builds


Credit Score

Soft footprint on DIP hard at full app Equifax

Rental Calculation

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

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 last three years, more than two payment (>2months) in arrears

Valuation Fees

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)

Maximum number of applicants



England and Wales only.


You can gain access to Fleet Mortgages via 3mc as your packager.

Property 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.


England and Wales only.


Let-able and habitable EPC purchase can accept below E rated if brought up to E within 30 days of completion. Remo – up to E rated.

Portfolio Landlords

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.