The Mortgage Lender are pleased to share that they have made enhancements to both residential & buy-to-let propositions to provide more options for you and your customers.
Spanning across both residential & buy-to-let propositions, non-UK nationals who do not yet have ‘indefinite leave to remain’, but have UK residency and are employed on a Skilled Worker (formerly Tier 2) or Health & Care VISA, may now be able to obtain a mortgage with TML.
Lending up to 90% LTV (75% for BTL), these clients will need to provide proof of a minimum of 1 years’ residency in the UK, a valid UK work VISA (with at least 6 months remaining at application) and a minimum income of £50,000.
Additionally, TML are expanding their buy-to-let criteria to support landlords who have previously lived in or inherited a property they are letting out.
Subject to having not resided in the subject property for 24 months, and letting it for at least 12 months, TML are now able to provide you with more options to support your clients wishing to continue letting these properties.
To find out more, head to their website to view their criteria guide