CHANGES TO OUR BUY TO LET RANGE

On Friday 3rd May we're making rate changes to our Buy to Let range.
These changes will come into effect from the 3rd May. Any cases in pipeline need to be fully submitted with fees paid by close of business on the 2nd May. Applications submitted after this date will be offered on the new rates available.

If you have any questions please contact our Business Development Hub on 0344 257 0418.

Intermediaries

Customers

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Residential Criteria Guide

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Large Loans

Loan

Minimum £500,000, maximum £1.25m

LTV

80% LTV up to £1m, 75% LTV up to £1.25m

Income Multiples

Maximum of 4.5x LTI for loans £500k - £1m, 5x LTI for loans over £1m (5x LTI on capital and interest repayment only)

Income

Loans over £1m require evidence of 2 years income, most recent year will be used for affordability.

Variable Income

Second incomes, Overtime, Employment Bonus, and Commission, at 100%, except for any loan > £1m where a maximum of 75% of last 3 months average is considered with evidence of sustainability. Car allowance and regional allowance at 100%. Shift Allowance at 50% can be included if paid weekly, monthly or quarterly.

GET IN TOUCH WITH US

Got a question or working on a tricky case? Drop us a line and we'll get straight back to you.

COME TO THE WRONG PLACE?

We only sell our products through expert broker partners, so you can’t apply to us directly for your own mortgage. If you’re shopping for yourself, jump over to the Customer area for more information.

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