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FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

FOR THE USE OF MORTGAGE INTERMEDIARIES & OTHER PROFESSIONALS ONLY

Tenancy requirements

A maximum of 4 unrelated occupiers/ tenants in England & Wales, 3 in Scotland.

  • In England, an APT (Assured Periodic Tenancy) is required under under the Housing Act 1988 (as amended by the Renters’ Rights Act 2025)
  • In Scotland, a PRT (Private Residential Tenancy) is required under Private Housing (Tenancies) (Scotland) Act 2016.
  • In Wales, an Occupation Contract is required under the Renting Homes (Wales) Act 2016.

Each tenancy must be in writing and:

  • For England & Scotland: where a tenancy agreement start date is more than 36 months old this must be accompanied with one month's bank statement.
  • For Wales: an Occupation Contract is required with a fixed term up to 36 months.

The following types of tenancies are not acceptable:

  • Multiple tenancies where each tenant signs a separate agreement and/or has separate facilities.
  • Rent Act protected tenants or an agent of these.
  • A tenant or anyone else who lives at the property who has diplomatic immunity.
  • Intended letting to housing association or local authority.
  • Asylum seekers.