BTL Criteria Across ALL Lending Areas
The below criteria covers all of the products they have available and they have listed some Product specific criteria further down;
- Max age 89 at application
- No minimum income criteria
- No maximum portfolio size with other lenders
- No background stress on their portfolio – just needs to be profitable.
- ICR Calculations (irrelevant of clients own personal tax bracket)
£4£ Remo – 130% @ 5.5% or the product rate + 2% (whichever is higher) unless using 5yr Fixed
Capital Raising 145% of the above.
- Max LTV 65%
- 4 applicants on a mortgage allowed
EXPATs
- Over 40 countries of residence accepted. We will still lend to ExPATs in Europe.
- For the majority of countries, no restrictions on employed/Self Employed/Retired.
Some higher risk countries may mean the clients need to have an employer with a UK office. Please contact me for further information - Clients only need a live UK mortgage, do not need multiple lines of open credit
- UK Correspondence address required – usually close family members.
LTD Company
- SPV’s only
- 55% LTV available with no personal guarantee’s
- Maximum of 8 directors/shareholders
Offset
- BTL offset available up to 65% LTV.
