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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Availability

  • Available to both purchase and remortgage customers.
  • Maximum of 4 applicants.
  • Maximum loan size of £1 Million (£500,000 where LTV exceeds 75%).
  • Maximum 80% LTV.
  • Available to UK residents only (BFPO personnel permitted).
  • Applicants must have permanent rights to reside in the UK (with the exception of EEA and Swiss nationals with pre-settled status).
  • Applicants must have resided in the UK for the past 12 months.
  • Not available to first time buyers (Any applicant).
  • First time landlords allowed.
  • Non owner occupiers allowed.
  • Minimum age at application - 25 (Both applicants).
  • Maximum age at the end of the term is 80
  • Maximum term is 40 years.
  • Minimum property valuation - £50,000.
  • Minimum term 5 years
  • There is no minimum income requirement for Buy to Let applications. This includes £0 income with the exception of unemployed applicants in receipt of unemployment benefits.
  • Self employed - Applicant must have owned the business for a minimum of one year.
  • We will lend to landlords with a maximum of 3 mortgaged Buy to Let properties, held in the customers personal name, limited company, or any other legal entity, either with TSB or other lenders.