Residency
Buy-to-Let mortgage applicants must have permanent rights to reside in the UK or for EEA and Swiss nationals have settled or pre-settled status which can be evidenced via a 'share code' and must have resided in the UK for the past 12 months.
All other applicants will need to provide evidence of their permanent rights to reside in the UK by one of the following:
- A ‘share code’. For more information, please see gov.uk/view-prove-immigration-status
- Residency stamp in the passport. Alongside the photo page of the passport. If the stamp is in an expired passport, please include the photo page of the valid passport.
- Biometric residency permit (front and back). Residency cards are no longer acceptable.
- Home office letters are no longer acceptable.
The document (from the above list) must confirm one of the following and not exceed the visa ‘valid until’ date:
- Indefinite Leave to Remain
- Indefinite/Right of Abode
- Permanent Residence
- No Time Limit
- Settled/Settlement
- Pre-settled/Pre-settlement
Applicants on visas are not acceptable for Buy-to-Let Purposes.
Brokers are required to advise the customer that any funds paid into the mortgage account from sanctioned countries are not accepted.