Compare Criteria

Together

Mortgage Type

Buy To Let

Property Value (min)

£60,000

Advance (min)

£20,000 for non-prime
£25,000 for prime rates
£26,000 on certain repayments types and rates - check product guide

Advance (max)

£2,000,000 up to 60% LTV.
£500,000 up to 70% LTV.
£250,000 up to 75% LTV.

Term (Max)

30 years

Minimum Age

18

Maximum Age

No Maximum

Family Cash Gift Deposit

Yes

Family Gift of Equity Deposit

Yes

Income (min)

No minimum income

Net profit/income + other provable disposable income* x 50% must exceed all secured lending payments.

Restrictions

Ex bankrupt accepted when discharged for 6 years. IVA's must be satisfied for more than 1 year.

Interest only term up to 30 years.

Layered Limited Company Ownership (Ltd Co owned by another LTD company) – Yes subject to company shareholder checks on all companies involved

Let to Buy (Turning Residential into Buy to Let)

No

DWP Tenants

Yes

Ex-Local Authority Properties

Accepted up to 55% (65% by referral)

Minimum years remaining on leasehold property

Minimum 50 years plus the term of the loan

Minimum Ownership

No minimum ownership period

Permanent rights to reside and remain

We are happy to proceed with applicants who have passports from the following countries: Any EU country, Switzerland, Channel Islands, Switzerland, USA, Australia, Canada and New Zealand. These applications must be witnessed and advised by a solicitor. Any applicants who do not have a UK Passport or a Passport from the list above are subject to underwriter referral.

Ex-Patriates

We are happy to proceed with applications where a UK Passport holder is resident in the following countries: Any EU country, Switzerland, Channel Islands, Switzerland, USA, Australia, Canada and New Zealand. These applications must be witnessed by a Notary Public . Any applications for a UK Passport holder residing in a country outside the list above are subject to underwriter referral.

New Builds

Accepted up to 65% LTV (75% by referral)

Credit Score

No

Rental Calculation

Tiered approach to ICR:

• Basic tax rate payer: 125%
• Higher tax rate payer: 145%
• Additional tax rate payer: 165%
• Limited company applicants: 125%

Historic CCJ’s & Defaults

CCJs/Defaults older than 24 months ignored. Up to 6 in last 24 months accepted. Satisfactory explanation required for all CCJs/Defaults

Valuation Fees

Valuations to be conducted using commercial valuation panel. Must be dated in last 2 months. Drive by valuation bypass available on residential securities on loan cases up to £75,000

Maximum number of applicants

No maximum

Countries

Will lend in England, Wales and Scotland

Access

Packaged only

Missed mortgage payments

Arrears accepted. Satisfactory explanation required for all arrears.

Property Type / Commercial

Limited companies and Trading companies accepted.

Holiday let product available
- Up to 65% LTV on loans up to £500k
- Up to 50% LTV on loans greater than £500k (above 50% LTV by referral)

AirBNB considered up to 65% LTV on the specialist range

Location

Will lend in England, Wales and Scotland

Type of Credit Search conducted at AIP stage

Hard foot print

Portfolio Landlords

Portfolio Landlords Accepted

Background Portfolio Requirements

– Maximum 75% LTV for the overall portfolio
– No minimum rental stress requirements if no secured arrears in the last 12 months. If secured arrears in the last 12 months then 125% (Basic rate taxpayer/Ltd Co) at the current mortgage payments, 145% (Higher rate taxpayer) at the current mortgage payments, 165% (Additional rate taxpayer) at the current mortgage payments

Portfolio Landlord Criteria

– No limit on the amount of lending with Together
– 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