Buy-To-Let Mortgages for Portfolio Landlords

Our Buy-to-Let Criteria

• Properties can be freehold, or leasehold with a minimum of 85 years left on the lease at the start of the mortgage and 50 years at maturity
• Maximum mortgage term of 10 years for the above products. Maximum 25 year term on a capital repayment basis or 20 years on an interest only basis where loans are individually priced
• For sole traders and partnerships products of less than 5 years, annual rental income should be a minimum of 145% of the annual mortgage interest at 5.5% or 2% above the mortgage rate you are paying, whichever is higher
• For sole traders and partnerships products of 5 years or more, annual rental income should be a minimum of 145% of the annual mortgage interest at 4.5% or 1% above the mortgage rate you are paying, whichever is higher
• For Limited companies the annual rental income should be a minimum of 125% of the annual mortgage interest at the same stress rates as sole traders and partnerships dependent on product term
• Lower levels of income will be considered where borrowers have additional sources of income
• Properties must have tenancy agreements in place; Assured Shorthold Tenancy for England and Wales or a Private Residential Tenancy in Scotland
• Your property must have an Energy Performance Certificate rating of E or higher or a suitable exemption

• Former council flats