From 1/7/18 the Society will accept applications from borrowers with 4 or more mortgaged properties in their portfolio, to a maximum of 10 properties. Please see the separate Portfolio Landlord Helpsheet for full details of the lending criteria specific to portfolio landlords.
For Let to Buy applications, the Society will require sight of the mortgage offer for the proposed residential purchase prior to the release of the Let to Buy offer.
BTL remortgage applications where any element of the required advance is for debt consolidation or for capital raising unrelated to residential property purchase or improvement should be referred to the Society for consideration prior to submission
The Society’s Solicitor must confirm that the subject property meets the current regulatory requirements in respect of the property’s EPC rating.
The Society may consider applications for the purchase or remortgage of BTL property held in the name of a Special Purpose Vehicle (SPV). These mortgages are available exclusively through 3mc, who can be contacted on 0161 962 firstname.lastname@example.org
Posted in: Guide to Terms & Underwriting