Portfolio Buy-to-Let Lending
A portfolio landlord is defined as 4 or more mortgaged Buy to Let properties (including: property that is subject of application, holiday lets, student lets, properties owned through limited companies, Consent To Let properties and all Buy to Let mortgaged properties owned solely or jointly; excluding foreign properties and commercial properties).
|
Criteria |
Aggregate PBTL Criteria (Secured plus Portfolio) |
|---|---|
|
Max LTV |
75% Min loan £25K / max loan £1m |
|
Affordability |
Min 145% (Stressed at 5.5%) |
|
Max no. mortgaged BTL properties |
10 |
|
Min personal income |
£0 |
|
Min / Max Loan |
£25k - £1m |
|
HMO and/or holiday lets |
Acceptable for 25% of total rental income of background portfolio – none to be mortgaged with TSB |
|
Max mortgage properties with TSB |
5 with TSB / £2m TSB exposure |
Use our Portfolio Buy-to-Let tool to check if the application fits criteria.
Complete the Portfolio Buy-to-Let upload form with the details of all properties in your client's current Buy-to-let portfolio, including the property that this application relates to.
Complete the Portfolio Landlord Business Plan template form with as much detail as possible about the portfolio and its management. Once complete, please upload this form to the mortgage application.