Buy-to-Let applicants must be in receipt of a minimum income of £25k. For joint applicants this is the joint income minimum.

Income can only be taken from the following:

  • Employed: Basic PAYE income only
  • Pension income
  • Self Employed: Latest year's income

Additional income such as overtime/bonus/commission and additional benefit incomes are not acceptable for minimum income purposes.

Rental income, from mortgaged or mortgage free properties, cannot form part of the £25k minimum income requirement.

There is no minimum term of employment although self employed applicants must have owned the business for a minimum of 1 year.

Applicants must be registered for UK Tax and their source of income must be from within the UK.

We reserve the right to ask for verification of income in certain circumstances.

For any queries regarding income, please contact your local Business Development Manager prior to submitting the application.