Lending criteria.

We can help with all types of cases, so check our lending criteria for the latest guidelines.

Our criteria is split into residential and buy to let, so use the options below to find the criteria you need.

 

 

Telecommunications Adverse Ignored

Indicates if we can potentially ignore telecommunications adverse credit on Buy to Let applications.

We can potentially ignore telecommunications adverse but this is dependent on the amount this was for when it occurred and the LTV.

Tenants: Asylum Seekers

Indicates if we can potentially consider applications from borrowers that wish to Let the property to an Asylum Seeker.

We will not consider applications of this nature

Tenants: Corporate Lets/Company Lets

Indicates if we an potentially consider applications from borrowers that wish to Let the property on a Corporate Let or Company Let

We will not consider applications of this nature

Tenants: DSS/Housing Benefit

Indicates if we can potentially consider applications from borrowers that wish to Let the property to DSS/Housing Benefit tenants

We can consider applications of this nature. Please contact the Business Development Team to discuss further.

Tenants: Housing Association Lets

Indicates if we can potentially consider applications from borrowers that wish to Let the property to Housing Association tenants.

We will not consider applications of this nature

Tenants: Letting whole property via AirBnB

Indicates if we can potentially consider applications from borrowers that wish to Let the entire property via services such as AirBnB and similar.

We can accept holiday let applications where the property will be let via AirBnb or other letting options. Properties marketed via AirBnb will be subject to our existing rental coverage assessment, requiring a lettings agent (not Airbnb) to provide the known or anticipated letting value, exactly the same as a standard holiday let.

Tenants: Multiple Tenancies

Indicates if we can potentially consider applications from borrowers that wish to have multiple tenancies on a Buy to Let property.

We will not consider applications of this nature

Tenants: Protected Tenancies

Indicates if we can potentially consider applications from borrowers that wish to Let the property to a tenant who is benefiting from a protected tenancy.

We will not consider applications of this nature

Tenants: Serviced Properties

Indicates if we can potentially accept Buy to Let applications on properties that are considered ‘Serviced Properties’. These are typically furnished properties that are Let on a short term basis and the rent covers all amenities including the rent.

We will not consider applications of this nature

Tenants: Student Lets?

Indicates if we can potentially consider applications from borrowers that wish to Let the property to students

We will not consider applications of this nature

Tenants: Third Party/Company (where the third party/company is Sub-Letting the property)

Indicates if we can potentially consider Buy to Let applications where the tenant will be (or is) a third party who pays a rent to the applicant and acts as the primary tenant but Sub-Lets the property. This is sometimes referred to as ‘Rent to Rent’.

We will not consider applications of this nature

Transitional Arrangements Offered

Indicates if we can potentially offer Buy to Let mortgages on a transitional arrangement as defined by the FCA under MCOB 11.8

We do not offer transitional arrangements to new applicants. Please refer if you have an existing customer who is already a customer of ours.

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