We’re pleased to announce that we’ve made a number of improvements to our lending criteria, designed to provide greater flexibility and help advisers place more landlord borrowers. Please see further details below:
- Adverse credit: We will now consider both satisfied and unsatisfied CCJs the borrower holds:
- We will consider CCJs of up to £500 satisfied within the last three years
- We will also consider CCJs up to £250 unsatisfied within the last three years
- Minimum floor area requirement reduced: Following adviser feedback, we have reduced our minimum floor area requirement to 30sqm (from 35sqm)
- We now accept TR1 forms: We can now go to offer on the loan with the Land Registry not needing to be updated until completion. This change is particularly aimed at streamlining and simplifying Day One remortgage applications
New criteria live
Our updated lending criteria went live at: 09.00am on Friday 7th March 2025.
You’ll find further details of these criteria changes on our website.