Supporting information
BTL Portfolio Details:
Number of properties upon completion - Excluding unencumbered properties - Volume
It should include "Consent to Let" properties and all BTL mortgages owned solely, joint or within a Limited Company, holiday lets and student lets. Please do not include commercial or foreign properties
If it is a joint application, the combined number of rental properties will be used. For example, if Applicant 1 solely owns two mortgaged properties, and Applicant 2 solely owns three properties, they would collectively own five properties in the portfolio.
Mortgage balances upon completion - £
Portfolio Value upon completion - Including unencumbered properties and current application - £
Monthly rental income upon completion - including unecumbered properties and current application - £
It should include the total values requested at completion of all in-process and intended mortgage applications, including Further Advances.
Result: it will confirm if the portfolio meets our criteria.